Italian Ruling Set To Re-Open Eni's Val d'Agri Oil Field

MILAN, Aug 10 (Reuters) - An Italian judge lifted a seizure order on plant at Eni's main domestic oil field on Wednesday, paving the way for the company to restart production.

The treatment plant for the Val d'Agri field in the southern region of Basilicata, was seized earlier this year in an investigation into suspected illegal waste trafficking.

Closure of the field, which was producing around 75,000 barrels per day of oil, had a material impact on Eni's second-quarter results. However, the company said last month it expected production to resume in August.

"Eni confirms it has received notification of the measure," an Eni spokesman said on Wednesday.

A judicial source with knowledge of the matter confirmed that a judge in the city of Potenza, the regional capital of Basilicata, had issued the order to have the assets released.

State-controlled Eni said in April an independent investigation showed its water re-injection practices at the plant were not dangerous and complied with Italian law and best practices.

Seizure of the Val d'Agri plant was temporarily lifted in June and Eni was given three months to make technical changes.

The field, in which Royal Dutch Shell also has a stake, is Italy's largest onshore oil field and has been operating since the 1990s.

(Reporting by Stephen Jewkes and Vincenzo Damiani; Editing by Greg Mahlich)



Terry Childs has over 30 years of experience in the offshore industry. He has followed and reported on the offshore rig market for over 20 years. Email Terry at terry.childs@rigzone.com.

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