Oil & Gas
Eni & Santos to Cooperate in Northern Australia & Timor Leste
Eni, through its subsidiary Eni Australia Limited, and Santos have signed a non-binding Memorandum of Understanding to jointly seek cooperation
Eni, through its subsidiary Eni Australia Limited, and Santos have signed a non-binding Memorandum of Understanding to jointly seek cooperation opportunities in the following areas of interest:
optimisations, synergies and sharing of infrastructure between the Barossa Project and the Evans Shoal development, including the potential expansion of Darwin LNG and options to repurpose and extend the life of Bayu-Undan
potential joint development of CO2 capture and storage or utilization (CCUS) facilities, serving not only assets owned by the two companies but open to any interested third-party project in the Darwin area, with the long term objective of facilitating the creation of a CO2 management hub in the Northern Territory
potential collaboration in new upstream development opportunities in relation to other offshore stranded resources located in northern Australia
In northern Australia and Timor-Leste Eni and Santos (Operator) are already partners in the Bayu-Undan gas and condensate field and in the associated Darwin LNG plant and connecting gas pipeline. In northern Australia, Eni is the operator of the Evans Shoal and Blacktip gas fields; Santos is the operator of the Caldita Barossa and Tern gas fields and has a participating interest in the Petrel gas field.