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December 8, 2021

Teodorico Conventional Gas Field, Italy

By Carmen

Teodorico is a conventional gas development located in shallow water in Italy and is operated by Po Valley Operations. Discovered in 2018, Teodorico lies in block A.R 94.PY, with water depth of around 328 feet.

The project is currently in approval stage and is expected to start commercial production in 2023. Final investment decision (FID) of the project will be approved in 2021. 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 2044.


Remaining recoverable reserves

The field is expected to recover 6.1 Mmboe, comprised of 36.58 bcf of natural gas reserves.


Contractors involved in the Teodorico conventional gas field

The key contractors involved in the Teodorico project as follows.

Other Contractors: RINA

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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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