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Concession awarded for Adriatic gas field

By OGJ editors
HOUSTON, Jan. 5
-- Production from Guendalina natural gas field in the northern Adriatic Sea will start by June 2011 under a concession awarded this month to operator Eni SPA by the Italian Ministry of Economic Development, according to 20% interest holder Mediterranean Oil & Gas PLC (MOG).

MOG earlier expected production to begin in the last quarter of 2010 (OGJ, May 18, 2009, p. 34).

It now says Eni expects to begin development this month or in February, install the platform in 20 m of water 25 km off Ravenna, Italy, this year, and complete the drilling of two wells in the first half of 2011.

MOG says Eni studies indicate Guendalina production will be about 20 MMcfd. Proved and probable reserves are 22 bcf.


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