Cervia gas field

Last updated
Cervia
Country Italy
Region Adriatic Sea
Offshore/onshore offshore
Operator Eni
Field history
Discovery 1972
Start of development 1973
Start of production 1973
Production
Current production of gas 1.43×10^6 m3/d
46×10^6 cu ft/d 0.51×10^9 m3/a (18×10^9 cu ft/a)
Estimated gas in place 10×10^9 m3
354×10^9 cu ft

The Cervia gas field natural gas field located on the continental shelf of the Adriatic Sea. It was discovered in 1972 and developed by Eni. It began production in 1973 and produces natural gas and condensates. The total proven reserves of the Cervia gas field are around 354 billion cubic feet (10×109m³), and production is slated to be around 46 million cubic feet/day (1.43×105m³) in 2010. [1]

Adriatic Sea Body of water between the Italian Peninsula and the Balkan Peninsula

The Adriatic Sea is a body of water separating the Italian Peninsula from the Balkan peninsula. The Adriatic is the northernmost arm of the Mediterranean Sea, extending from the Strait of Otranto to the northwest and the Po Valley. The countries with coasts on the Adriatic are Albania, Bosnia and Herzegovina, Croatia, Italy, Montenegro and Slovenia. The Adriatic contains over 1,300 islands, mostly located along its eastern, Croatian coast. It is divided into three basins, the northern being the shallowest and the southern being the deepest, with a maximum depth of 1,233 metres (4,045 ft). The Otranto Sill, an underwater ridge, is located at the border between the Adriatic and Ionian Seas. The prevailing currents flow counterclockwise from the Strait of Otranto, along the eastern coast and back to the strait along the western (Italian) coast. Tidal movements in the Adriatic are slight, although larger amplitudes are known to occur occasionally. The Adriatic's salinity is lower than the Mediterranean's because the Adriatic collects a third of the fresh water flowing into the Mediterranean, acting as a dilution basin. The surface water temperatures generally range from 30 °C (86 °F) in summer to 12 °C (54 °F) in winter, significantly moderating the Adriatic Basin's climate.

Eni Multinational oil and gas company based in Italy

Eni S.p.A. is an Italian multinational oil and gas company headquartered in Rome. Considered one of the global supermajors, it has operations in 79 countries, and is currently world's 11th largest industrial company with a market capitalization of 68 billion euros, as of August 14, 2013. The Italian government owns a 30.303% golden share in the company, 3.934% held through the state Treasury and 26.369% held through the Cassa Depositi e Prestiti. Another 2.012% of the shares are held by the People's Bank of China. The company is a component of the Euro Stoxx 50 stock market index.

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References

  1. ↑ "ENI SPA, Form 20-F, Filing Date May 21, 2008" (PDF). secdatabase.com. Retrieved May 15, 2018.


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