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Story summary
- Eni S.p.A. announced a gas discovery at Konta-1, 50 kilometers off Indonesia's Borneo coast, with preliminary estimates of 600 billion cubic feet and potential to exceed 1 trillion, in the Muara Bakau PSC, Kutei Basin, where gas is in four sandstone reservoirs.
- Eni plans to drill four more wells in 2026.
- Eni and Petronas will manage 19 exploration blocks and invest over $15 billion to expand Southeast Asia energy projects.
