Asset Report
Cassiopea
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
- Key facts
-
Summary and key issues
- Summary
- Key issues
- Location maps
-
Participation
-
Ownership changes
- Energean acquisition of Edison's upstream assets (2019-20)
-
Ownership changes
- Geology
- Well data
-
Exploration
- Historical exploration
- Future exploration
-
Reserves and resources
- Reported data
-
Modelling
- Reserves
- Contingent resources
- Prospective resources
- Production
-
Development
- Key development metrics
- Key dates
- Infrastructure
-
Costs
- Capital costs
-
Sales contracts
- Gas sales agreement (GSA)
- Gas marketing
- Fiscal and regulatory
-
Economic assumptions
- Cash flow
- Discount rate and date
- Inflation rate
- Gas price
- Carbon price
- Global Economic Model (GEM) file
- Economic analysis
Tables and charts
This report includes 26 images and tables including:
- Key facts: Table 1
- Index map
- Cassiopea map
- Geology: Table 1
- Geology: Table 2
- Well data: Table 1
- Exploration: Table 1
- Production: Table 1
- Production: Table 2
- Cassiopea production profile
- Infrastructure: Table 1
- Cash Flow
- Economic analysis: Table 2
- Economic analysis: Table 3
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2023
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2023)
- Remaining Present Value Price Sensitivities
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Costs: Table 1
- Costs: Table 2
- Operating costs
- Sales contracts: Table 1
- Participation: Table 1
What's included
This report contains:
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