Eni Announces FID on Indonesian Projects
Eni will move forward with the Gendalo and Gandang gas project (South Hub) and the Geng North and Gehem fields (North Hub) as the company announced it has signed final investment decisions (FID) for both projects. The FID comes only 18 months after the approval of the Projects of Development in 2024.
Both projects are located offshore East Kalimantan in the Kutei Basin and will utilize existing infrastructure, including the Jangkrik floating production unit (FPU) and the Bontang liquefaction plant.
The Gendalo and Gandang development plan consists of the drilling of seven producing wells and the installation of deepwater subsea production systems tied back to the Jangkrik FPU, which serves the Jangkrik field. Gendalo and Gandang are located in water depths of 1,000 to 1,800 m.
The Geng North and Gehem fields project consists of the drilling of 16 producing wells and the installation of subsea systems linked to a newbuild floating production, storage, and offloading (FPSO) unit. The FPSO will be capable of processing over 1 billion scf/D of gas and 90,000 BPD of condensate, with a storage capacity of 1.4 million bbl.
The company also shared that as part of the project’s development plan, an idle liquefaction train (Train F) will be reactivated to extend the life of the Bontang LNG plant.
BP Expands Namibian Presence
BP will acquire a 60% operating interest in three offshore exploration blocks in Namibia from Eco Atlantic Oil & Gas. The blocks, PEL97, PEL99, and PEL100, are located in Namibia’s Walvis Basin. The licenses comprise a total of 22,894 km2 in the Walvis Basin.
PEL97 is located in water depths of 100–500 m. PEL99 and PEL100 are in deeper water with depths of 1,500–3,000 m and 2,500–3,000 m, respectively.
“Namibia is a region attracting growing industry interest and has a number of exciting frontier basins,” said BP EVP Gordon Birrell.
BP will take over as operator of the blocks. Eco Atlantic will remain a partner in the blocks with Namibia's national oil company NAMCOR.
Eni Announces Significant Offshore Discovery in Egypt
Eni has made a significant discovery of 2 Tcf of gas in place and 130 million bbl of associated condensates in Egypt. The discovery comes after the successful drilling of the Denise W-1 exploration well in the Temsah Concession. The well is located 70 km offshore in water depths of 95 m, less than 10 km from existing infrastructure.
Eni signed the agreement to drill Denise W-1 in July 2025 with Egyptian General Petroleum Corporation and Egyptian Natural Gas Holding Company for a 20-year renewal of the Temsah Concession.
Eni serves as operator of the Denise Development Lease of the concession with a 50% contractor working interest. BP holds the remaining 50%.
TotalEnergies Discovers Hydrocarbons in Republic of the Congo
TotalEnergies EP Congo has made a hydrocarbon discovery on the Moho license offshore the Republic of the Congo after drilling the MHNM-6 NFW exploration well, which targeted the Moho G structure and encountered an approximately 160-m hydrocarbon in good-quality Albian reservoirs.
The Moho G discovery, along with a recent Moho F discovery, represent recoverable resources estimated at close to 100 million bbl.
"This new discovery on the Moho license benefits from its proximity to existing production infrastructure, allowing a short- cycle, cost-effective tieback development,” said Nicola Mavilla, senior VP exploration at TotalEnergies.
TotalEnergies EP Congo is the operator of the Moho license with a 63.5% interest, along with partners Trident Energy (21.5%) and the Société Nationale des Pétroles du Congo (15%).
Petrobras Encounters Hydrocarbons in Campos Basin
Petrobras announced it has made a hydrocarbon discovery in the Campos Basin in Well 1-BRSA-1404DC-RJS, located 201 km off the coast of Rio de Janeiro at a water depth of 2,984 m.
According to the company, the hydrocarbon-bearing interval was identified through electric logs, gas shows, and fluid sampling. Further analysis will take place to evaluate the area’s potential.
Petrobras operates block C-M-477 in the Campos Basin, where the well is located, holding a 70% interest, with BP holding the remaining 30%.
Turkey To Drill Country’s First International Deepsea Drilling Project
Turkey has deployed the Cagri Bey vessel to drill the Curad-1 well offshore Somalia in Turkey's first international deepwater drilling project, according to Minister of Energy and Natural Resources Alparslan Bayraktar.
The Curad-1 well is located 372 km from Mogadishu, off the coast of Somalia. The drilling is expected to take between 6 and 9 months, pending weather conditions.
"We will reach a depth of 7,500 meters in total. In this respect, Curad-1 will be the second-deepest marine drilling in the world. Our ships Altan, Korkut, and Sancar will [support] this critical mission," said Bayraktar.
In 2024, Turkey and Somalia signed a cooperation agreement for Turkey to deploy its research vessel, Oruc Reis, to oil blocks offshore Somalia. The vessel carried out seismic surveys over 7 months which identified the geological structure targeted for the Curad-1 well.
Libya’s National Oil Corp. Announces Three Discoveries
Libya’s National Oil Corp. (NOC) announced three new oil and gas discoveries in partnership with international companies.
NOC partnered with Sonatrach Petroleum Exploration and Production Corp. to drill the A1-69/02 exploration well, located about 70 km from the Wafa field in Libya’s Ghadames Basin. The well was drilled to a depth of 8,440 ft and is delivering production rates of 13 MMcf/D and 327 B/D of condensate. This well is the sixth of eight planned under a contract signed in 2008 between NOC and Sonatrach.
NOC and Repsol’s Libya Branch (REMSA) drilled the J1-4/130 well in the Murzuq Basin, about 800 km south of Tripoli. The well reached a final depth of 4,325 ft and is producing an average of 763 BOPD from the Mummiyat Formation. This well is the fifth of eight planned under the exploration and production sharing agreement signed in 2008 between NOC and REMSA.
NOC and Eni North Africa completed the drilling of the exploration well J1-4/16 in offshore western Libya, approximately 95 km from the coast. The well was drilled to a final depth of 10,458 ft. According to NOC, two tests produced flow rates of 14 MMcf/D through a 32/64-in. choke in the first test, and 24 MMcf/D through a 62/64-in. choke in the second. It was the final well of nine contractual commitments under the agreement signed between NOC and Eni in June 2008
