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  • Edison: Development started on gas reserves in the offshore IBLEO
    édité le 17/05/2019 - Plus de news de "Edison" - Voir la fiche entreprise de "Edison"

Edison: Development started on gas reserves in the offshore IBLEO
Edison Exploration & Production (40% stake) and Eni (operator with 60% of the shares) have started developing the gas reserves in the G.C1.AG. concession.

The field will produce approximately 1.5 billion cubic metres of natural gas per year, helping satisfy domestic demand with total investments of around 700 million euros; it will use an important share of local resources, optimising the competences developed in the sector. First production is expected for the fourth quarter of 2021.

The project for the development of the field is characterised by the best safety standards, using zero emissions production techniques in complete respect for the environment. The project is characterised by a high level of technology: natural gas production is envisaged with an entirely underwater development, connected to the coast with direct access to the Gela refinery thanks to an existing dock. Once treated, the gas will be entirely released into the national network.

About Edison Exploration & Production

Edison Exploration & Production is the company controlled by Edison in the E&P sector, with business in Italy, Europe and the Mediterranean basin. In 2018, it produced 18.1 million Boe, with a portfolio of 97 concessions, permits and licences and reserves of 209.1 million Boe.

About ENI

Eni is an integrated energy company employing more than 34.000 people in 69 countries in the world. Eni engages in oil and natural gas exploration, field development and production, as well as in the supply, trading and shipping of natural gas, LNG, electricity and fuels. Through refineries and chemical plants, Eni processes crude oil and other oil-based feedstock to produce fuels, lubricants and chemical products that are supplied to wholesalers or through retail networks or distributors.

Origine : Communiqué Edison

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