ITALIAN OIL AND GAS EXPLORATION SET TO REBOUND

10/17/1994
Exploration for oil and gas in Italy is about to undergo a major rebound. With the recent award of exploration rights covering 60 blocks in Italy, E&D in that country is set to take off after lying nearly dormant for 2 years. Leading the surge is a hot play in the Val d'Agri area near Potenza in southern Italy's Apennines. If recent estimates of reserves potential tapped by operators there are confirmed, Val d'Agri fields could double Italy's oil production. That's the claim Agip SpA Chairman Guglielmo Moscato made at the annual meeting of the Italian Mining Association (IMA). Moscato also is IMA ch...
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