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  1. Market Data
May 2, 2022

Giaurone Heavy Oil Field, Italy

By Carmen

Giaurone is a producing heavy oil field located onshore Italy and is operated by Eni Mediterranea Idrocarburi. The field is located in block Giaurone.

Field participation details

The field is owned by Eni.


Production from Giaurone

The Giaurone heavy oil field recovered 81.52% of its total recoverable reserves, with peak production in 2005. The peak production was approximately 2.85 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2051. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 5.49 Mmboe, comprised of 5.44 Mmbbl of crude oil & condensate and 0.35 bcf of natural gas reserves. Giaurone heavy oil field reserves accounts 0.01% of total remaining reserves of producing heavy oil fields globally.


Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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