Eni has been present in Timor Leste since 2006 and is currently active in the Upstream. It holds an 80% stake in four offshore exploration blocks, for an uneven area of 1,538 square kilometers (1,230 square kilometers at Eni). In 2008, through the Kitan-1 and Kitan-2 exploration wells, Eni made a significant oil discovery in the JPDA 06-105 permit. In April 2010, Eni started the development of Kitan oil field, while in October 2011 started production.
In 2013 Eni has been awarded a new exploration Production Sharing Contract (“PSC‘) covering an area of 662 sqkm adjacent to the offshore Kitan field, in the Timor Sea.
The PSC foresees the commitment to drill two exploration wells during the first two years and separate options for the drilling of two contingent wells. The contract area lies within the Joint Petroleum Development Area (“JPDA‘), which is administered by both Australia and Timor-Leste. The area has an average water depth of 350m.In the JPDA, Eni has identified a number of oil prospects which could be taken advantage of in conjunction with the nearby producing Kitan field, in the case of any discoveries.
The Kitan field, which is operated by Eni, started production in October 2011, only three and a half years after the declaration of a commercial discovery. The field reached a peak production rate of 45,000 barrels of oil per day in 2012. Eni is operator of the JPDA 11-106 PSC (40.53% equity) in joint venture with INPEX Offshore Timor-Leste Ltd (35.47%), and Timor GAP PSC 11-106 Unipessoal Limitada (TimorGap) (24%).
Offices & contacts
Timor Leste OfficeRua D. Luis dos Reis Noronha no. 56
Vila Verde, Dili
PO Box 52, Dili
Tel. (0067) 0 330 4000