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
Also in this section
3 May 2024
Upcoming elections are likely to deliver a win for the party of president Andres Lopez Obrador, but analysts differ over to what degree his successor will stick to his energy policies
2 May 2024
Faster-than-expected economic growth fails to mask macro imbalances and shifting structural oil product trends
1 May 2024
Energean CEO Mathios Rigas looks to results of critical Anchois appraisal well
30 April 2024
While its regional neighbours reap the rewards of oil and gas success, Iraq’s hydrocarbons sector is lagging behind