ITALY

OFFSHORE DISCOVERIES
A.C35.AG (MOG 20%) Concession contains Guendalina field
The Field
- The offshore Guendalina gas field development is starting.
- Production Concession granted on 14th December 2009
- Engineering and facility construction straddling 2010 and 2011
- Development drilling H1 2011
- First Gas: September 2011
- Discovered by Guendalina-1 drilled by ENI
- The field was further appraised by a sidetrack, Guendalina-1DirA which was drilled about 350m up-dip to the north-east.
- The reservoir depth is over 3,000m in 42m of water approximately 25km from shore.
Reserves
The Operator reported that the Field (100% basis) holds:
- Levels A and B:
- 1P proven Reserves 19 Bcf (net MOG: 3,8 Bcf)
- 2P proven & probable Reserves 22 Bcf (net MOG: 4.5 Bcf)
- Level C (DHI on seismic, but not drilled yet):
- prospective resources: 5 Bcf (net MOG: 1.0 Bcf)
Field Development Plan:
- Two development wells and 1 production platform
- sea line tie back to ENI Tea platform and ENI offshore production facilities