The 662-square kilometre PSC lies within the Joint Petroleum Development Area (JPDA), which is jointly administered by Australia and Timor-Leste.
Eni will operate the JPDA 11-106 PSC with a 40.53% interest, in joint venture with Japan’s (on 35.47%) and Timor-Leste’s national oil company, Timor GAP (on 24%).
Under the terms of the PSC, the joint venture will be required to drill two exploration wells during the first two years.
