OIL STRIKE IN SOUTHERN ITALY MARKED FOR DEVELOPMENT

Lasmo plc, London, has disclosed plans by partners in a block in southern Italy to apply for a production license. Chosen for development is the Torrente Sauro block, where Total Mineraria SpA's 2 Tempa Rossa confirmation well flowed 1,366 b/d of 17 gravity oil from pay at 4,800 to total depth 5,037 m. Tests of a zone at 4,479-4,730 m yielded 2,172 bbl of 17 oil during 3 days with intermittent use of nitrogen lift. The well cut an oil column of more than 500 m in Mesozoic carbonates. Site