Eni begins Timor Sea campaign

October 24, 2013

Eni successfully completed the Evans Shoal North-1 appraisal well in the Evans Shoal gas field in the Timor Sea, Australia. The field is located offshore in the NT/P48 exploration permit in the north Bonaparte Basin, approximately 300km northwest of Darwin.

Eni announced its exploration plans for the Timor Sea in mid-September, naming Blackwood, Kitan, Vesta-Swan, and the Blacktip field as the other locations for drilling operations. Eni has been in the Timor-Leste since 2006.

The Evans Shoal North 1 well, drilled in 111m water depth to a target depth of 3,955m, is 12km away from the Evans Shoal-2. Results indicate that these wells share common reservoir characteristics and are in hydraulic communication. During the well production test the gas flow reached the facility constraint of 30MMscf/d.

Eni estimates that the Evans Shoal gas field contains at least 8Tcf of raw gas in place.

Partners in the NT/P48 joint venture are Eni Australia Ltd (32.5%), Shell (32.5% and Operator), Petronas Carigali (Australia) Pty Ltd (25%) and Osaka Gas Australia Pty Ltd (10%). Eni operates the Evans Shoal North well on behalf of the joint venture.

In Australia, Eni is the operator and 100% owner of the Blacktip Gas Project. It is also the operator (with 40% equity) of the Kitan oil field in the Joint Petroleum Development Area (JPDA) between Australia and Timor-Leste. In addition, Eni has a non-operated interest in the Bayu-Undan gas and condensate field and the associated Darwin LNG plant. Eni has interests in 15 offshore exploration and production licenses in Australia, Timor-Leste and JPDA waters, 12 of which are operated by Eni.

The Evans Shoal North-1 appraisal well follows Monday’s news of the Italian company’s spud offshore Vietnam.