Asset Report
Cassiopea
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Eni operates the deepwater Cassiopea project, officially known as IBLEO, in the Strait of Sicily. In 2018, FID was taken to develop the Argo and Cassiopea fields. This will establish a new offshore production hub and will be an important source of future domestic gas supply. Argo and Cassiopea are located approximately 20 kilometres from shore. In contrast, the nearby Panda discovery is affected by a moratorium on offshore drilling within 12 miles of the Italian coast. It is therefore not currently targeted for development. Edison's 40% non-operated stake played a notable role in the 2019 divestment of its upstream business to London-listed Energean Oil & Gas. The deal includes a US$100 million payment that is contingent upon Cassiopea production start-up.
Table of contents
- Summary
- Key Issues
- Contingent resources
-
Emissions
- Wells
- Capital costs
- Operating costs
- Gas marketing
- Cash flow
- Gas price
- Global Economic Model (GEM) file
- Cash Flow
- Indicative Technical Valuations
Tables and charts
This report includes the following images and tables:
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Index mapCassiopea mapParticipation
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Primary reservoirHydrocarbon and reservoir qualityKey E&A wellsDiscovery summaryReserves (2P) at 01/01/2026Contingent Resources (2C) at 01/01/2026Production (2024-2031)Cassiopea project production profileCapital Costs 2019 to 2024 (US$ million)
- 11 more item(s)...
What's included
This report contains:
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