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Posts on ‘December 28th, 2017’

Italian oil and gas firm Eni buys out Shell’s stake in Evans Shoal gas field

GARY SHIPWAY, NT News: December 28, 2017 3:47am

THE Italian oil and gas firm that operates the Blacktip gas project, which supplies gas for Territory domestic power generation, has taken another significant step forward in its growth plans off Northern Australia.

ENI has bought out Shell’s stake in the large undeveloped Evans Shoal gas field 300km northwest of Darwin in the Timor Sea’s Bonaparte Basin.

The Blacktip gas field is 110km off our coast and pumps gas to ENI’s Yelcherr Gas Plant near Wadeye.

Evans Shoal is among five offshore gas ventures contributing to a $625,000 study being carried out into the feasibility of expanding the Darwin LNG plant. The study started in April and is due for completion this month. read more

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