Italy, Dec. 9 -- Eni announces a significant gas discovery in the Konta-1 exploration well, drilled in the Muara Bakau PSC, in the Kutei Basin, about 50 km off the coast of East Kalimantan in Indonesia. Estimates indicate 600 billion cubic feet (Bcf) of gas initially in place (GIIP) with a potential upside beyond 1 trillion cubic feet (TCF).Konta-1 was drilled to a depth of 4,575 meters in 570 meters water depth, encountering gas in four separate sandstone reservoirs of Miocene age with good petrophysical properties that have been subject to an extensive data acquisition campaign. A well production test (DST) has been successfully performed in one of the reservoirs and it flowed up to 31 mmscfd of gas and approximately 700 bbld of condensat...