A.C 5.AV is a producing conventional gas field located in shallow water in Italy and is operated by Eni. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block A.C 5.AV, with water depth of 328 feet. Buy the profile here.
Field participation details
The field is owned by Eni.
Production from A.C 5.AV
The A.C 5.AV conventional gas field recovered 63.14% of its total recoverable reserves, with peak production in 1980. The peak production was approximately 16.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2061. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 8.36 Mmboe, comprised of 7.34 Mmbbl of crude oil & condensate and 6.09 bcf of natural gas reserves.
Eni SpA (Eni) is an integrated oil and gas company that discovers, explores, develops, and produces crude oil, natural gas and condensates. The company is also involved in the supply, trading, and shipping of natural gas, LNG, electricity, and fuels. It has operations in Italy, Cyprus, the UK, Portugal, Algeria, Egypt, Gabon, Nigeria, Russia, Venezuela and other countries. Through its refineries, Eni processes crude oil and other oil-based feedstock to produce fuels, lubricants, and allied products. It commercializes these products through wholesalers and retail networks. The company has properties across Italy, Other European Union, Rest of Europe, Americas, Asia and Africa. Eni is headquartered in Rome, Lazio, Italy.
For more details on the A.C 5.AV Conventional Gas Field, buy the profile here.