A flagship multi-trillion cubic feet gas development offshore Indonesia that stalled at the design and engineering phase could finally start rolling after a wait of more than 15 years, with Eni tipped to take the helm soon, according to industry sources.

Indonesia is understood to be willing to offer incentives to Eni to progress the second phase of the Indonesia Deepwater Development (IDD) project, assuming the Italian state-controlled company completes the acquisition of current operator Chevron’s majority stake.

Eni for almost two years has been touted by both upstream and lawyer sources as the front-runner to acquire Chevron’s approximate 62% operated participating interest in the IDD project that includes the Gendalo and Gehem giant gas fields.