Rockhopper Achieves First Gas from Civita Field in Italy
Junior oil and gas firm Rockhopper Exploration reported Monday that it has achieved first production into the Italian gas network from its Civita gas field, located onshore in the Abruzzo region of Italy.
The Civita field is located within the Aglavizza production concession and is operated by Rockhopper, which has a 100-percent interest. The field will be commissioned at a rate of 442,000 cubic feet of gas per day before increasing to a stabilized flow rate of approximately 884,000 cubic feet per day (approximately 160 barrels of oil equivalent per day) by the end of the month.
Rockhopper said that, when combined with its share of production from Eni's offshore Guendalina gas field, it expects its net production from Italy during 2016 to average more than 3.5 million cubic feet of gas per day (700 boepd). The firm expects revenue from Guendalina and Civita net to the company of $9 million in 2016 at current gas prices.
Rockhopper CEO Sam Moody commented in a company statement:
"Civita is the first operated field development undertaken by Rockhopper. It has been completed on time and on budget and represents a great technical and management achievement for the company. First gas from Civita, coupled with the recent drilling success at Guendalina, reinforces the benefit of our Mediterranean portfolio to our wider business, as well as its highly valuable contribution to our financial position."
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