Selva gas estimates on the rise

Po Valley targets first production in 2020 from its recently awarded Italian concession

Po Valley Energy has increased reserve estimates for the Selva gas field, near Bologna in northern Italy, following a fresh evaluation of the field's resources. The field was a significant historical producer for Eni, producing 84bn ft³ from 24 wells between 1956 and 1984. Now, Italy is keen to revive domestic production—from brownfield sites at least—to try to reduce its import dependency. A production license for the Selva Malvezii concession was awarded on a preliminary basis to Australia-listed, Italy-focused Po Valley in January 2019. An initial estimate of proved plus probable reserves by consultancy CGG remains unchanged at 13.3bn ft³. But there has been a 74pc increase in the best es