Eni buys Shell’s stake in Evans Shoal gas field off Australia

Image courtesy of Eni

Italia energy giant Eni acquired the whole 32.5 percent interest from Shell Australia in the Evans Shoal gas field offshore Northern Australia.

With the acquisition, Eni has become the operator of the retention lease NT/RL7 located in the north Bonaparte Basin, some 300 kilometers northwest of Darwin, where the Darwin LNG plant is operating.

Eni said in its statement it 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, Eni said.

The new NT/RL7 joint venture sees Eni Australia become the operator with a 65 percent stake while Petronas Carigali (Australia) and Osaka Gas hold 25 and 10 percent stakes, respectively.