Partners approve Kitan oil development

Eni has started development of the Kitan oil field in the Joint Petroleum Development Area (JPDA) between Timor-Leste and Australia.

Offshore staff

SAN DONATO MILANESE, Italy -- Eni has started development of the Kitan oil field in the Joint Petroleum Development Area (JPDA) between Timor-Leste and Australia.
Kitan is in permit JPDA 06-105, around 250 km (155 mi) south of the Timor-Leste capital of Dili and 500 km (310 mi) north of Darwin. Eni is operator with a 40% interest, in partnership with INPEX Timor Sea (35%) and Talisman Resources (JPDA 06-105) Pty (25%).

The field will be developed through three subsea completion wells connected to the FPSO Glas Dowr, operated by Bluewater under contract to Eni. Start-up is expected in the second half of 2011, which would mean oil being delivered to the market just over three years from the declaration of commerciality.

Eni says it is committed to maximizing the participation of Timor-Leste in the project, through the use of Timorese goods, services, and labor.

The company has been present in Timor-Leste since 2006. It also has a 10.99% interest in the Bayu-Undan gas and condensate field in the Timor Sea.

4/22/2010

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