Australia’s Po Valley Energy has received formal technical environmental approval from the Italian Environment Ministry for its 63%-owned Selva gas field development in northern Italy.
The Selva development has a small footprint of less than half a hectare and will have no emissions from any future commissioning of its gas inventory.
The environmental approval is a precursor to final sign off by Environment Minister decree, the issuing of the required INTESA (intergovernmental agreement) and the final grant of a production concession as issued by Italy’s Economic Development Ministry.
Selva has gas reserves of 13.3bcf (2P) (refer ASX Announcement 8 February 2019) and has already secured the grant of a preliminary Production Concession ahead of final development slated for this calendar year.
Po Valley plans to initially install a fully automated gas plant at the existing Selva/Podere Maiar 1dir well site and install a one-kilometre long pipeline to connect the well with the nearby Italian National Gas Grid.
Following the successful farm out to United Oil and Gas 20% and Prospex Oil and Gas 17%, Po Valley Energy holds a 63% share of the Podere Gallina licence, which contains the Selva gas field.