Development approved for Kitan oil field
By OGJ editors
HOUSTON, Apr. 23 -- Eni SPA and partners have received approval to develop Kitan oil field in the Joint Development Area (JDA) off Timor Leste and Australia.
Eni will develop the field with three wells completed subsea and tied back to the Bluewater Energy Services LLC Glas Dowr floating production, storage, and offloading vessel (OGJ Online, Feb. 2, 2010).
Eni expects production to start in the second half of 2012. It didn’t report expected flow rates. The discovery well flowed 6,100 b/d.
The field lies in 305-335 m of water in the JPDA 06-105 permit area, 250 km south of Dili, Timor Leste, and 500 km north of Darwin, northwest of Bayu Undan gas field.
Timor Leste’s National Petroleum Authority estimates the field holds 34.6 million stb of recoverable 59º gravity oil in the most likely case. The reservoir is 3,300 m below seabottom.
The authority estimated development costs at $1 billion.
Eni, with 40% interest, operates the permit. Partners are Inpex Timor Sea Ltd., 35%, and Talisman Resources (JPDA 06-105) Pty. Ltd., 25%.