Eni Uncovers 5 Tcf Gas and 300MMbbl Condensate at Geliga-1
Eni discovered 5 trillion cubic feet of gas and 300 million barrels of condensate at the Geliga-1 well in the Ganal block offshore East Kalimantan. Proximity to existing infrastructure and the nearby Gula discovery could enable a third Kutei Basin hub producing 1 Bcf/d gas and 80,000 bpd condensate.
1. Geliga-1 Gas Discovery Details
Eni made a major gas discovery at the Geliga-1 exploration well in the Ganal block offshore East Kalimantan, encountering an estimated 5 trillion cubic feet of gas in place and 300 million barrels of condensate within a Miocene interval about 70 km from the Indonesian coast.
2. Development and Infrastructure Synergies
The Geliga find lies close to existing and planned pipelines and processing facilities, allowing for accelerated development and cost savings; paired with the nearby Gula discovery, the combined resource could support an incremental 1 Bcf/d of gas and 80,000 bpd of condensate output.
3. Integration with New Kutei Basin Hubs
This success follows Geng North and Konta-1 and builds on final investment decisions for the South and North Hubs, where a new FPSO is designed to handle 1 bscfd of gas and 90,000 bpd of condensate before routing volumes to the Bontang LNG plant, with potential for further liquefaction expansion.
4. Implications for Searah Joint Venture
Geliga enhances the value of assets to be transferred into the Searah joint venture with Petronas, slated to close in Q2 2026, and strengthens Eni’s case for selling a 10% stake in its Indonesian portfolio by boosting resource volumes and development certainty.