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November 25, 2021updated 26 Nov 2021 6:04am

Val D’Agri Heavy Oil Field, Italy

By Carmen

Val D’Agri is a producing heavy oil field located onshore Italy and is operated by Eni. The field is located in block Val D’Agri.

Two expansion projects are associated with the Val D’Agri heavy oil field, namely Val D’Agri Phase 2 and 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 Royal Dutch Shell.


Production from Val D’Agri

The Val D’Agri heavy oil field recovered 68.62% 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 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2053. The field currently accounts for approximately 44% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 244.4 Mmboe, comprised of 192.03 Mmbbl of crude oil & condensate and 314.24 bcf of natural gas reserves. Val D’Agri heavy oil field reserves accounts 0.54% of total remaining reserves of producing heavy oil fields globally.


About Eni

Eni SpA (Eni) is an integrated oil and gas company that discovers, explores, develops and produces crude oil, natural gas and condensates. The company also involved in 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, Italy.

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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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