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Sant' Alberto, north of Bologna, is the third field in the portfolio to progress towards commercial gas production.
Edison, the then operator, submitted the production concession application in July 2006.
In March 2008, Po Valley reached an agreement with Edison to take over operatorship of the field and move to 100% ownership. The Ministry has accepted the Company's work program for the San Vincenzo licence and a new 2D seismic acquisition program of approximately 30 kilometres is planned to commence in 2Q 2010. In addition, a new reservoir study combined with production history matching has been completed to define a suitable subsurface target area for a production drilling campaign starting in late 2010. Our renewed focus on the field aims to achieve commercialization within a short timeframe.
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