Eni acquires operatorship of Evans Shoal gas field, offshore Australia

12/21/2017

MILAN -- Eni has acquired the whole 32.5% interest from Shell Australia Proprietary Limited (Shell) in Evans Shoal gas field, and has become the Operator of the Retention Lease NT/RL7 located in the north Bonaparte basin, offshore Northern Australia. The field is located about 300 km northwest of Darwin, where the Darwin LNG plant is operating. Eni estimates the resource base of the field to at least 8 Tcf of raw gas in place.

The transaction has been approved by the Joint Venture and the Australian Government has granted all the required approvals. The new NT/RL7 Joint Venture sees Eni Australia Ltd., 65% (Operator); PETRONAS Carigali (Australia) Pty Ltd., 25%; and Osaka Gas Australia Pty Ltd., 10%.

This transaction represents a further step forward in Eni's growth plans in the Australasian region, following the successful startup in May 2017 of Jangkrik gas field offshore Kalimantan, Indonesia, which supplies gas to the Bontang LNG plant.

Eni has been present in Australia through its subsidiary Eni Australia Ltd since 2000 and in Timor-Leste since 2006. In Australia, Eni is the operator and 100% owner of the Blacktip Gas Project. In addition, Eni has a non-operated interest in Bayu-Undan gas and condensate field and in the associated Darwin LNG plant. Eni has interests in 14 offshore exploration and production licenses in Australia, Timor-Leste and JPDA waters, 13 of which are Eni-operated.

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