Eni has a 40% interest in and is Operator of the JPDA06-105 PSC area, containing the Kitan oil field. In 2009 the Field Development Plan was submitted to the Timor-Leste National Petroleum Authority with a view to commencing the project in first quarter 2010, once approval has been received.

The development concept involves three initial sub sea production wells tied back to a Floating Production, Storage and Offloading Vessel (FPSO), located near the field. At end 2009, all major contracts for the project were either awarded or well advanced.

In a further strengthening of Eni's position in the Timor Sea, the development of Kitan is another step in Eni's longer term vision of discovering and producing hydrocarbons in what is thought to be an area with strong future potential.

Definitions:

Tier 1 - A functional unit or complete package i.e able to produce/supply ALL of the requirements.

Tier 2 - A component or part of the package i.e able to produce/supply part or some of the requirements.