Po Valley Energy Ltd. received approval by Italy's Ministry of Ecological Transition for development at Podere Maiar gas field in Po Valley, onshore northern Italy, according to a release from Prospex Energy PLC.
Work to connect the suspended Podere Maiar-1 to the national gas grid will begin by awarding contracts for construction of automated gas plant infrastructure, and installation of a 1,000-m 4-in. pipeline. First gas is anticipated in first-half 2023.
Based on dynamic reservoir studies, the field, in the Selva Malvezzi production concession, will produce a maximum rate of up to 150,000 cu m/day (5.3 MMcfd) from successfully tested C1 and C2 production levels in the Medium- Upper Pliocene sands of the Porto Garibaldi formation.
Po Valley Energy is operator of the Selva Malvezzi concession (63%) with Prospex Energy holding the remaining 37%.
