In the 1st Indonesian International Bid Round 2012, Eni has been awarded the East Sepinggan block with a 100-percent participating interest.

The block, located in the offshore East Kalimantan, about 106 miles (170 kilometers) south east of the Bontang LNG processing facility, covers an area of 1,125 square miles (2,913 square kilometers) in the Kutei Basin, a rich hydrocarbon province with several giant discoveries already in production.

The East Sepinggan work program plans for the full 3D seismic survey of the area and the drilling of one well, to be completed within the next three years.

This award, which follows the signing in November 2011 of the North Ganal PSC (Kutei Basin) and the Arguni I PSC (Bintuni Basin, West Papua), confirms Eni's strong commitment to expand its exploration and production activities in Indonesia, one of the most promising hydrocarbon basins in the rapidly growing Far East oil & gas market

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