Argo Cluster is a conventional gas development located in deepwater in Italy and is operated by Edison Exploration & Production. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Argo Cluster was discovered in 2008, lies in block G.C 1.AG, with water depth of around 1,837 feet. Buy the profile here.
The project is currently in construction stage and is expected to start commercial production in 2024. Final investment decision (FID) of the project was approved in 2018. The development cost is expected to be $815 m. The Argo Cluster conventional gas development will includes satellite platform and subsea trees.
Field participation details
The field is owned by Energean and Eni.
Production from Argo Cluster
Production from the Argo Cluster conventional gas development project is expected to begin in 2024 and is forecast to peak in 2024, to approximately 145 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2059.
Remaining recoverable reserves
The field is expected to recover 70.83 Mmboe, comprised of 424.98 bcf of natural gas reserves.
Contractors involved in the Argo Cluster conventional gas field
Some of the key contractors involved in the Argo Cluster project as follows.
EPC Contractors: Eni
Other Contractors: Altrad Investment Authority
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