Eni Timor Leste SpA, a wholly owned subsidiary of Eni SpA, is offering interested companies the opportunity to farm into or possibly acquire Production Sharing Contract S06-04 also known as Block E, located in the Bonaparte Basin. Participating interest of up to 35% was thought to have been initially available, with negotiable terms. In May 2020, it was reported in the media that Eni could be looking to exit its Australian production and exploration position, which could also include its Timor Leste assets.  Eni has reported that the permit contains the Samara Prospect, with potential mean estimates for oil in place of 319 MMbbl of oil. The prospect reservoir targets are within the Plover and Nome formation sandstones. There are additional oil prospects outlined by Eni, including Estado Lauana, Paramin, Deleco and Atara, which range in size from between 111 to 393 MMbbl of oil in place.  There have been no wells yet drilled within the permit area. However, Eni conducted a 3D seismic survey in 2007, which covered a number of permits including S06-04. A total of 8,400 sq km of data was acquired.  The permit was awarded in November 2006 and was scheduled to expire in 2014. As of August 2020, it is under a renewal consideration by Autoridade Nacional do PetrÃ³leo e Minerais (ANPM).   In 2009 Eni and Joint Venture Partners Kogas and Galp Exploration & Production, relinquished around 25% of the permitted area, reducing the total area to 2,310 sq km, with S06-04 (E) covering around 1,810 sq km.   The permit was the only valid licence in East Timor for a period of time, before an additional PSC (TL-SO-15-01) was awarded in December 2015.  S06-04, which covers an area of 2,310 sq km, was awarded on 3 November 2006. Participants in the permit are Eni Timor Leste SpA (80% interest and operatorship) Korea Gas Corp (KOGAS) (10% interest) and Galp Energia Espana SA (10% interest).  Companies interested in pursuing this opportunity should contact:  Satyavan Reymond, Exploration Manager  Email: satyavan.reymond@eniaustralia.com.au
(Bonaparte B.) Block E in Production Sharing Contract S06-04, operated by ENI (80%) and partners Galp (10%) + Kogas (10%), Eni is offering interested companies the opportunity to farm into or possibly acquire the block. 