The company combines the gas assets in Indonesia and Malaysia, applying the satellite model and strengthening our joint presence in the area.
The establishment of Searah, founded on the strategic collaboration between Eni and PETRONAS, creates a new energy player with a key role in the Asia-Pacific region — particularly for the growing liquefied natural gas (LNG) sector. At the core of the new company is a business combination that integrates upstream gas assets: specifically, a total of 19 assets are integrated, 14 of which are located in Indonesia and five in Malaysia, providing the new entity with significant enterprise value and a strong regional impact. The operation consolidates the role of natural gas as a key lever in the two companies’ energy transition strategy, reflecting their commitment to the decarbonisation process.
Searah, the business combination in Indonesia and Malaysia integrates assets, know-how and operating experience to accelerate growth opportunities and reinforce market presence, starting with South-East Asia and the wider Asia Pacific region. The NewCo focuses on gas projects - both new and existing - including the Kutei Basin, an area considered relatively low-risk and high-potential thanks to existing production, transport and liquefaction infrastructure and a mature geological understanding of the subsurface. Recent milestones include the Geng North discovery and the approval of the Geng North–Gehem integrated development (Northern Hub), both in the Kutei Basin.
The assets included in the transaction retain their current operating set-up, with a strong focus on HSE (Health, Safety and Environment) and on time-to-market. The business combination with PETRONAS in Indonesia and Malaysia extends an approach already implemented through the satellite model in previous transactions such as Vår Energi in Norway (2018), Azule Energy in Angola (2022) and Ithaca Energy in the United Kingdom (2024).
Highlights on gas production, reserves and outlook from the World Energy Review 2025.
Browse WER 2025Eni announces another significant gas discovery in the Kutei Basin.
Approval of the FID for the development of the Gendalo, Gandang, Geng North and Gehem fields in Indonesia and unveiling of the name of the joint venture between Eni and PETRONAS: Searah.
The NewCo combines assets in Indonesia and Malaysia.
Eni and PETRONAS signed a Framework Agreement to combine their activities in Malaysia and Indonesia.
The two companies established a joint venture for the management of a selection of upstream assets in Indonesia and Malaysia.
The integrated development of the two fields will create the Northern Hub.
Eni strengthened its presence in the fast-growing markets of South Asia and the Far East, further diversifying LNG supplies.
Eni announced the acquisition of Chevron’s interests in the Kutei Basin, East Kalimantan, offshore Indonesia.
Applying the satellite model, Eni - together with Vår Energi - completed the acquisition of Neptune, a leading E&P company with assets in Western Europe, North Africa, Indonesia and Australia.
The five subsea wells that make up the field produce 13 million m³ of gas per day.
Gas output is destined to Indonesia’s domestic market.
Eni began activities in exploration, production and development.
The project overcame the challenge of quickly building all the gas process modules into one large integrated module.
By tying into the transport and treatment facilities of near-field Jangkrik, we secured a very rapid start-up.
We operate onshore and offshore in synergy with the country, with strong growth potential driven by exploration.
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