Merakes is a producing conventional gas field located in deepwater in Indonesia and is operated by Eni East Sepinggan. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block East Sepinggan, with water depth of 4,500 feet. Buy the profile here.
An expansion project is associated with the Merakes, namely the Merakes Development. This project is currently in the construction stage, expected to start in 2023.
Field participation details
The field is owned by Eni, Neptune Energy Group and PT Pertamina (Persero).
Production from Merakes
The Merakes conventional gas field recovered 17.03% of its total recoverable reserves, with peak production expected in 2024. The peak production will approximately 3.13 thousand bpd of crude oil and condensate and 391 Mmcfd of liquid natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2033. The field currently accounts for approximately 3% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 120.75 Mmboe, comprised of 5.57 Mmbbl of crude oil & condensate and 691.03 bcf of liquid natural gas reserves. Merakes conventional gas field reserves accounts 0.04% of total remaining reserves of producing conventional gas fields globally.
For more details on the Merakes Conventional Gas Field, buy the profile here.