PVE po valley energy limited

annual report

  1. 1,089 Posts.
    Just out looks good

    Highlights :

    Maiden gas flow at Castello
    Start up on 17 December 2009 and commercial production from 12 January 2010
    First new gas field to come into production in north Italy since deregulation in 1998
    Average production for the March quarter 2010 of 1.9 million cubic feet per day

    Commissioning commences at 2nd field Sillaro
    Sillaro-2 drilled to target depth of 2,300 metres in August 2009
    Sillaro-2 completed and tested, with a combined flow of 13 million cubic feet per day
    Two new levels tested and total of six production levels confirmed
    Commissioning commenced in April 2010

    Bezzecca-1 progresses towards production with solid drilling result
    Bezzecca-1 drilled to target depth of 2,010 metres in March 2009
    Bezzecca-1 tested at a combined flow of 3.9 million cubic feet per day
    Three well development planned and production application under preparation

    Active drilling and development program planned for 2010 and early 2011
    Fantuzza-1 well planned to test Miocene level below Sillaro in second half 2010
    2D Seismic acquisition planned to support Sant Alberto development planning and
    Cembalina drillable prospect
    Gradizza exploration well planned for late 2010/early 2011
    Correggio appraisal well planned for first half 2011


 
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