Following today’s announcement from Eni regarding the successful completion of drilling and testing of the Maha 2 well in the West Ganal block offshore Kalimantan, Indonesia, Neptune Energy’s Managing Director for Indonesia, Eko Lumadyo, said: “Maha is an exciting development for Neptune Energy, and this latest milestone brings us a step closer to bringing the discovery into production via existing infrastructure, supporting both Indonesia’s growing domestic energy demand and its burgeoning export market.

“Indonesia is a strategically important part of Neptune’s production portfolio and our progress at Maha -2 follows commencement of production from Merakes earlier this year, and ahead of further planned activities in other discoveries and prospects. These projects are an example of the exciting growth opportunities that Indonesia offers and we look forward to building upon our recent successes in the country through our partnership with Eni and Pertamina.”

About Neptune Energy Group

Neptune Energy is an independent global E&P company with operations across the North Sea, North Africa and Asia Pacific. The business had production of 142,000 net barrels of oil equivalent per day in 2020 and 2P reserves at 31st December 2020 of 601 million barrels of oil equivalent. The Company, founded by Sam Laidlaw, is backed by CIC and funds advised by Carlyle Group and CVC Capital Partners.

About Eni

Eni is an integrated energy company employing more than 34.000 people in 69 countries in the world. Eni engages in oil and natural gas exploration, field development and production, as well as in the supply, trading and shipping of natural gas, LNG, electricity and fuels. Through refineries and chemical plants, Eni processes crude oil and other oil-based feedstock to produce fuels, lubricants and chemical products that are supplied to wholesalers or through retail networks or distributors.