Italy’s Eni hits a sizable gas find off Borneo’s eastern coast in Indonesia
Eni, the Italian multinational energy company, announced on Tuesday a notable gas discovery in an exploration well about 50 kilometers (roughly 31 miles) off the eastern shoreline of Indonesia’s portion of Borneo island.
Initial assessments put the gas volume at around 600 billion cubic feet across four reservoirs within the well’s trajectory. There is potential for the upside to push above 1 trillion cubic feet as more data becomes available, Eni indicated.
The Konta-1 exploration well sits within the Muara Bakau production sharing contract, situated in the Kutei Basin. This discovery bolsters confidence in the ongoing exploration campaign, which plans to drill four additional wells in the Kutei Basin during 2026.
Muara Bakau is part of a broader portfolio, comprising 19 exploration blocks—14 in Indonesia and five in Malaysia—that will be overseen by a newly formed joint venture between Eni and Malaysia’s state energy company, Petronas. Eni operates the block with an 88.33% working interest, while Indonesia’s Saka Energi holds the remaining 11.66%.
Reporting from Romolo Tosiani in Gdansk; edited by Milla Nissi-Prussak
Note: This summary reflects the same key details and context as the original report while presenting them in fresh wording and structure to enhance readability for newcomers, and to align with editorial standards that prioritize clarity and engagement. Thoughts on the strategic implications for regional gas supply and the Eni–Petronas collaboration are welcome in the comments.
