The Kitan discovery is located in the permit 06-105 of the joint petroleum development area (JPDA), an area jointly administered by Timor-Leste and Australia, and situated approximately 170km off the Timor-Leste coast and 500km off the Australian coast.
Kitan has recently been discovered by the successful exploration activity performed by Eni through the well Kitan-1. Following the discovery, Eni also drilled the Kitan-2 well which was completed in March 2008 and confirmed the presence of a potential commercial oil accumulation.
Eni will now progress the preparation of a development plan to the Timor Sea Designated Authority (TSDA) that will be delivered within 12 months of this approval. Eni is the operator with a 40% interest in the permit, while Inpex accounts for 35% and Talisman Resources owns a 25% interest. This discovery is expected to reinforce Eni’s presence and growth potential in the region.
