Eni: started production from Woollybutt field, Australia

abarrelfullabarrelfull wrote on 25 Jul 2012 11:14

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30 April 2003

Eni has started production from the Wollybutt field located off Australia's north-western coast, 80 km from the town of Onslow.

The field, operated by Eni through Eni Australia Ltd. with a 65% share, will reach a plateau production of 35,000 barrels per day of light oil (49° API) (*) in 2003.

Oil is produced via two subsea wells linked to a double-hulled FPSO vessel (Floating Production Storage Offloading, a floating production system for crude oil storage and offloading).

Eni's partners in the Woollybutt field are ExxonMobil (20%) and TAP(15%).

Woollybutt production is the first to be brought on stream by Eni in Australia, where the Company has been active since the acquisition of British Borneo in 2000 and where it is engaged in exploration, development and production activities in 14 concessions (in four of which Eni is operator).

In addition, Eni participates in the development of the Bayu Undan field in the Joint Development Area between Australia and East Timor.

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