Italy: Southern Apennine license awarded

By OGJ editors
HOUSTON, Mar. 10
– The Ministry for Economic Development awarded the 5-year Colle Ginestre license in the southern Apennines fairway on Italy’s Adriatic coast to Cia. Generali Idrocarburi and a unit of Sound Oil PLC.

CGI is operator with 50% interest, and Sound Oil’s Apennine Energy SRL has the other 50%. No immediate capital expenditure is planned.

The license is in Campobasso (Molise) and Chieti (Abruzzo) in the Southern Apennines fairway for shallower gas and deeper oil and is adjacent to Cupello-San Salvo field, which has produced more than 330 bscf from Pliocene.

The permit has several wells, including Eni SPA’s 1988 Colle Turchese-1dir, which had gas shows on the flank of a structure characterized by an encouraging flat spot on seismic data that could indicate a gas accumulation.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...