biotech / news / / Benzinga
Eni disclosed a major gas discovery on Monday at the Geliga-1 well in Indonesia's Kutei Basin.
Eni discovered about 5 Tcf of gas and 300 million barrels of condensate at Geliga-1.
KEY POINTS
- The Geliga-1 well encountered strong reservoir quality at 5,100 meters depth in the Kutei Basin.
- The discovery supports Eni’s North Hub project, integrating new FPSO and existing LNG infrastructure.
- Eni’s Geliga find unlocks strategic gas volumes targeting both Indonesian and international markets.
- Eni’s stock remains in a longer-term uptrend, backed by strong momentum and value scores.
COMPANIES
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