Val D’Agri is a producing heavy oil field located onshore 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 Val D’Agri. Buy the profile here.
Two expansion projects are associated with the Val D’Agri heavy oil field, namely the Val D’Agri Phase 2 and the Val D’Agri Phase 3. The expansion projects are currently in the feed and feasibility stage.
Field participation details
The field is owned by Eni and Shell.
Production from Val D'Agri
The Val D'Agri heavy oil field recovered 54.99% of its total recoverable reserves, with peak production in 2007. The peak production was approximately 87.03 thousand bpd of crude oil and condensate and 106.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2100. The field currently accounts for approximately 33% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 472.50 Mmboe, comprised of 422.55 Mmbbl of crude oil & condensate and 299.66 bcf of natural gas reserves. Val D'Agri heavy oil field reserves accounts 1.10% of total remaining reserves of producing heavy oil fields globally.
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 Val D'Agri Heavy Oil Field, buy the profile here.