Press suggests Eni could be looking to exit its Australia E&P position as of end May '20. The company, present in Australia since 1984, is reportedly working with investment bank Citi to prepare the offering. It is assumed an Australian withdrawal could also extend to the Timor Leste holdings (TL-SO-T 19-13 + Kitan field).   Eni Australia is involved in the operated Blacktip gasfield and in the COP-run Darwin LNG project, as wells as in the pending Evan Shoals, Blackwood and Penguin projects. Woolybutt is also part of the inventory, but is shutting down. Remaining net resources to Eni are 700 MMboe.
Eni Australia Ltd, Eni Timor Leste SpA could be looking to divest its entire Australian gas portfolio