Eni Successfully Drills Evans Shoal North-1 Well in Timor Sea

Italy's Eni S.p.A. announced Thursday the successful completion of 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, some 186 miles (300 kilometers) northwest of Darwin.

The Evans Shoal North 1 well, drilled in 364 feet (111 meters) water depth and to a target depth of 12,976 feet (3,955 meters), is seven miles (12 kilometers) 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 30 million standard cubic feet per day. Eni estimates that the Evans Shoal gas field contains at least 8 trillion cubic feet of raw gas in place.

Eni remains committed to fast track development of the significant and known resources in this exploration area.

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

Eni has been present as an operator in Australia since 2000 and in Timor-Leste since 2006. In Australia, Eni is the operator and 100 percent owner of the Blacktip Gas Project. It is also the operator (with 40 percent 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 Eni operated.


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