Cassiopea Gas Field

Summary Information

• Operator: ENI
• Country:
• Location:
• Production start:
• Partners: ENI 60% / Energean 40%
• Type: Oil / Gas
• Estimated Reserves:
• Production Volume:

Description

• The Cassiopea project (Eni 60% Operator, Energean 40%) is the biggest Italian gas field – in terms of reserves – currently under development in Italy. It is located in the Sicilian channel in water depths of up to 660 metres. Once onstream, expected by H1 2024, it will be one of the country’s main producing gas fields.
• Cassiopea will be developed via four subsea wells and a platform, “Prezioso K”, which will host the treatment and compression system and will be connected through a bridge to the existing Prezioso platform
• The platform will be tied back to shore to Eni’s onshore gas treatment facility in Gela. Tie-in points have been included in the production system to allow a series of low risk exploration prospects (Gemini, Centauro, Vela, etc.) and other existing discoveries (Panda, Panda West) to be tied in and maintain production in the future.

Contractors

• Saipem: Transportation and Installation of an offshore gas pipeline connecting the four wells

History

• 2019 - Energean acquired a stake in the field from Edison
• 2022 - Saipem awarded pipeline contract

Links

1. Edison announces the signing of the agreement with Energean Oil and Gas to sell the 100% of Edison Exploration and Production (E&P) and its subsidiaries in the hydrocarbons exploration and production business. The signing follows the approval of the transaction by the Edison Board of Directors on July 3, 2019.
2. Saipem: awarded a new offshore E&C contract in Italy worth approximately 300 million Euro