What is the significance of the first steel cutting ceremony for the North Hub project in Indonesia?

The first steel cutting ceremony marks the official start of construction for the Floating Production, Storage, and Offloading (FPSO) vessel — a critical processing hub for 16 wells from the Geng North and Gehem gas fields — as part of Searah’s $11.8 billion North Hub project in Indonesia’s Kutai Basin off Borneo island.

What are the targeted production levels and timeline for the North Hub project?

The North Hub project is targeted to start production in 2028, with expected output reaching 1 billion cubic feet of gas per day and 80,000 barrels of condensate per day by the fourth quarter of 2028.

Eni-Petronas JV Launches Construction of Floating Gas Facility for North Hub in Indonesia

Jul 23, 2026

Searah, a joint venture between Eni and Petronas, has commenced construction of an FPSO vessel for its $11.8 billion North Hub project in Indonesia. Production is targeted to begin in 2028 with capacity reaching 1 billion cubic feet of gas per day.

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