EduBourseActualitésEni starts development of Kitan oil field offshore Australia and Timor-Leste

Eni starts development of Kitan oil field offshore Australia and Timor-Leste

Pierre Perrin-Monlouis Dernière mise à jour: 20 octobre 2021

The development of Kitan further strengthens Eni’s presence and growth potential in the Timor Sea, which is thought to be an area with strong future potential.

San Donato Milanese (Milan) – 22 April 2010 – Eni has started the development of the Kitan oil field, located in the permit 06-105 of the Joint Petroleum Development Area (JPDA) between Timor-Leste and Australia, approximately 250km south of the Timor-Leste capital of Dili and 500km north of Darwin, Australia.

Eni is the operator (40%) in the permit JPDA 06-105, with INPEX Timor Sea, Ltd. (35%) and Talisman Resources (JPDA 06-105) Pty Limited (25%) as joint venture partners.

The Kitan field will be developed through three sub sea completion wells connected to the FPSO (Floating Production Storage and Offloading) “Glas Dowr‘, operated by Bluewater under contract to Eni. First production is expected to commence in the second half of 2011 which would see oil being delivered to market just over 3 years from commercial declaration.

The development of Kitan further strengthens Eni’s presence and growth potential in the Timor Sea, which is thought to be an area with strong future potential. Eni is committed to maximising the direct economic participation of Timor-Leste in the Kitan Project, through the use of Timorese goods, services and labour, and continues to work with the Timorese Government on a range of social and economic development initiatives working towards the growth of the country.

Eni has been present in Australia since 2000 and in Timor-Leste since 2006. In Western Australia, Eni is operator of the Woollybutt oil field with a 65% interest. In September 2009, Eni started production from the Blacktip gas field (100% owned and operated by Eni), located in the southern Bonaparte Gulf, offshore Northern Territory. Eni also has a 10.99% interest in the Bayu-Undan gas and condensate field. Eni has an active programme in 22 exploration licences in Australia, Timor-Leste and Papua New Guinea and operates 15 of these licences.

Company Contacts:

Press Office: Tel. +39.0252031875 – +39.065982398
Freephone for shareholders (from Italy): 800940924
Freephone for shareholders (from abroad): +39. 800 11 22 34 56
Switchboard: +39-0659821

[email protected]
[email protected]
[email protected]

Web site: www.eni.com

Australia and Timor-Leste: James Kernaghan +61 419 835 704

Pierre Perrin-Monlouis
Pierre Perrin-Monlouis
Fondateur de Rente et Patrimoine (cabinet de gestion de patrimoine), Pierre Perrin-Monlouis est un analyste et trader pour compte propre. Il vous fait profiter de son expérience en trading grâce à ses analyses financières et décrypte pour vous les actualités des marchés. Son approche globale des marchés combine à la fois l'analyse technique et l'analyse fondamentale sur l'ensemble des marchés : crypto, forex, actions et matières premières.
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