Italy-based Eni has launched a key tender for the engineering, procurement, construction, and installation (EPCI) works for its USD17.49 billion Kutei North Hub project in offshore Indonesia. The tender includes transport and installation of infrastructure to support the development of the Geng North and Gehem gas fields in the North Ganal and Rapak blocks. A final investment decision is expected later in 2025.
The project will feature a floating production, storage, and offloading (FPSO) unit capable of processing 1 billion cubic feet of gas and 80,000 barrels of condensate per day. The output will be routed to the Santan terminal and East Kalimantan pipeline, with a portion liquefied at the Bontang LNG plant and the rest allocated to the domestic market. First production from the Geng North field is targeted for end-2027. Eni holds majority interests in the involved blocks, with minority stakes held by Agra Energi and Tip Top.