Teodorico is a conventional gas development located in shallow water in Italy and is operated by Po Valley Operations. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Teodorico was discovered in 2018, lies in block A.R 94.PY, with water depth of around 328 feet. Buy the profile here.
The project is currently in approval stage and is expected to start commercial production in 2023. The development cost is expected to be $59 m. The Teodorico conventional gas development will involve the drilling of approximately two wells and includes subsea tree.
Field participation details
The field is owned by Po Valley Energy.
Production from Teodorico
Production from the Teodorico conventional gas development project is expected to begin in 2023 and is forecast to peak in 2024, to approximately 17 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2045.
Remaining recoverable reserves
The field is expected to recover 6.11 Mmboe, comprised of 36.68 bcf of natural gas reserves.
For more details on the Teodorico Conventional Gas Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
