Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Italian Stock Exchange  >  Eni SpA    ENI   IT0003132476

ENI SPA (ENI)

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Eni SpA : Eni awarded new exploration area in the Timor Sea

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/15/2013 | 10:43am CET

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.

SanDonatoMilanese (Milan), 13 April 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%).

Eni has been present as an operator in Australia since 2000, in Timor-Leste since 2006 and in the JPDA since 2007. In Australia, Eni operates and owns 100% of the Blacktip gas project and also has a non-operating interest in the Bayu-Undan gas and condensate fields, as well as the associated liquefaction plant in Darwin. Eni holds interests in 15 licences for offshore exploration in Australia and Timor-Leste, including 12 licences as operator.

Company Contacts:

Press Office:Tel. +39.0252031875 - +39.0659822030
Freephone for shareholders (from Italy): 800940924
Freephone for shareholders (from abroad): +39. 800 11 22 34 56
Switchboard: +39-0659821

ufficio.stampa@eni.com
segreteriasocietaria.azionisti@eni.com
investor.relations@eni.com

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ENI SPA
02/24ENI SPA : annual earnings release
02/14 ENI : Shell says receives indictment request in Nigeria oilfield dispute
02/14 BP : says U.S. shale oil output to keep check on spike in prices
02/13 ENI : Repair and maintenance services of floating platforms
02/13 ENI : and BP complete the sale of 10% of Shorouk, offshore Egypt
02/10 ZENITH ENERGY : Non-Executive Salimbeni, Oil Industry Veteran, Dies
02/09 ENI : Starts Production from East Hub Development Project
02/08DJItalian Prosecutors Request Eni CEO, Shell Stand Trial--2nd Update
02/08DJItalian Prosecutors Request Eni CEO, Shell Stand Trial--Update
02/08DJItalian Prosecutors Request Eni CEO, Shell Stand Trial--Sources
More news
Sector news : Integrated Oil & Gas
02/24 Canada energy sector sidelined as Big Oil chases fatter profits
02/24DJBrazilian Firms Zero In on Graft -- WSJ
02/24 YPF, Shell sign deal for Vaca Muerta pilot project
02/24DJTOTAL : Reports Compressor Trip at Refinery in Port Arthur, Texas
02/23 Top policymakers reassure Europe on Azeri gas deadline
More sector news : Integrated Oil & Gas
News from SeekingAlpha
02/21 Total is new Conviction Buy among big European oils at Goldman
02/20 Iran Ramping Up Oil Production - For The Short And Long Term
02/15 Eni, BP to invest more in Egypt than anywhere else this year
02/10 Eni starts production from East Pole field offshore Angola
02/08 Eni produces first oil from East Hub project offshore Angola
Advertisement
Financials (€)
Sales 2016 57 465 M
EBIT 2016 2 314 M
Net income 2016 -221 M
Debt 2016 17 542 M
Yield 2016 5,59%
P/E ratio 2016 -
P/E ratio 2017 20,23
EV / Sales 2016 1,21x
EV / Sales 2017 0,91x
Capitalization 51 969 M
More Financials
Chart ENI SPA
Duration : Period :
Eni SpA Technical Analysis Chart | ENI | IT0003132476 | 4-Traders
Full-screen chart
Technical analysis trends ENI SPA
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 16,5 €
Spread / Average Target 15%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Claudio Descalzi Chief Executive Officer, Director & GM
Emma Marcegaglia Chairman
Roberto Casula Chief Operations, Development & Technology Officer
Massimo Mondazzi Chief Financial Officer
Alessandro Lorenzi Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ENI SPA-6.85%54 832
PETROCHINA COMPANY LIM..4.28%211 451
TOTAL-2.02%123 902
PETROLEO BRASILEIRO SA..4.91%65 624
NK ROSNEFT' PAO--.--%62 170
STATOIL ASA-6.25%57 014
More Results