Selva gas estimates on the rise
Po Valley targets first production in 2020 from its recently awarded Italian concession
Po Valley Energy has increased reserve estimates for the Selva gas field, near Bologna in northern Italy, following a fresh evaluation of the field's resources. The field was a significant historical producer for Eni, producing 84bn ft³ from 24 wells between 1956 and 1984. Now, Italy is keen to revive domestic production—from brownfield sites at least—to try to reduce its import dependency. A production license for the Selva Malvezii concession was awarded on a preliminary basis to Australia-listed, Italy-focused Po Valley in January 2019. An initial estimate of proved plus probable reserves by consultancy CGG remains unchanged at 13.3bn ft³. But there has been a 74pc increase in the best es
Also in this section
23 January 2026
A strategic pivot away from Russian crude in recent weeks tees up the possibility of improved US-India trade relations
23 January 2026
The signing of a deal with a TotalEnergies-led consortium to explore for gas in a block adjoining Israel’s maritime area may breathe new life into the country’s gas ambitions
22 January 2026
As Saudi Arabia pushes mining as a new pillar of its economy, Saudi Aramco is positioning itself at the intersection of hydrocarbons, minerals and industrial policy
22 January 2026
New long-term deal is latest addition to country’s rapidly evolving supply portfolio as it eyes role as regional gas hub
