Project Profile
Value: Undisclosed
Location: Provinces of Bologna and Ravenna, Italy
Area: 90 sq km
Start-up Year: -
Po Valley Energy Limited the northern Italy focused gas and oil exploration and production company, has been awarded a new exploration licence by the Ministry of Economic Development. The new licence, \"Tozzona\", is located in Emilia-Romagna, in the provinces of Bologna and Ravenna and covers an area of circa 90 sq km. The new permit is for initial exploration term of six years.
The area lies along the eastern border of the existing ENI gas production licence containing the Santerno gas field (circa 35 bcf of gas produced to date). The main gas targets are Mio-Pliocene reservoirs within structural traps. Initial work programme includes the purchase of a semi-regional grid of 2D seismic lines from the former operator of the area, ENI.
Operators:
Po Valley Energy Limited: Operator with 100% interest