Po Valley’s Podere Maiar-1 Approved to Commence Gas Production

Source: www.gulfoilandgas.com 6/28/2023, Location: Europe

Highlights
• Podere Maiar - 1 (PM-1) has successfully obtained all final approvals for gas production
o Completion of safety checks by UNMIG and Fire Department
o Italian Energy Ministry (MASE) issues final approval
• Gas production at PM-1 is set to commence in early July 2023

Po Valley Energy Limited is pleased to announce that the final safety checks conducted by UNMIG and the Fire Department have been successfully completed. Additionally, the Italian Energy Ministry (MASE) has issued formal documentation, enabling the commencement of production at PVE’s 63% owned PM-1 production facility.

Now that MASE has signed and issued the final approval documentation, a mandatory 8-day period is required to finalise all administrative matters before production can begin. Therefore, PVE anticipates that the gas production ramp-up at PM-1 will commence in early July 2023.

PVE will provide further market updates once production has commenced.

Po Valley Chairman Kevin Bailey said: “The board is very pleased that all necessary approvals for gas production at Podere Maiar - 1 (PM-1) have been successfully obtained. Following the completion of thorough safety checks by UNMIG and the Fire Department, and the issuance of final approval by the Italian Energy Ministry, we are now poised to begin production at our PM-1 facility.

Whilst regional flooding issues have delayed final approvals and production, we can confidently look forward to PM-1 production in the near term.”

This announcement was approved for release by the Board of Directors of Po Valley Energy Limited


United Kingdom >>  11/7/2024 - Harbour Energy provides the following unaudited Trading and Operations Update for the nine months to 30 September 2024.

Actuals to 30 Septe...

United States >>  11/7/2024 - ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resource investing company, provides an update, further to the RNS of 24 September 2024 relat...

Canada >>  11/6/2024 - CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces that Long Lake Northwest Project in Canada has...
Canada >>  11/5/2024 - International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) today released its financial and operational results and re...

United States >>  11/5/2024 - THIRD QUARTER HIGHLIGHTS
- Production of 121,815 Boe per day (58% oil), up 19% from the third quarter of 2023
- Record oil volumes of 70,91...

Ghana >>  11/4/2024 - Kosmos Energy Ltd. (“Kosmos” or the “Company”) announced its financial and operating results for the third quarter of 2024. For the quarter, the Compa...




Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.