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Italy Caltanissetta exploration basin

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19 February 2016

Italy Caltanissetta exploration basin

Report summary

The onshore sector of the Italy Caltanissetta Basin has a long exploration history and is now considered mature. It is thought the greatest yet-to-find volumes lie in the Plio-Pleistocene reservoirs of the deepwater Sicily Channel. However, a drilling moratorium was introduced in August 2010, which banned all drilling within five miles of the coast and within 12 miles of any marine protected area. Whilst the ban was partially lifted in 2012, the Government reintroduced restrictions as part of the 2016 budget. As a result of the ban, and the rising levels of bureaucracy that go with it, we do not forecast significant levels of exploration in the Plio-Pleistocene Deepwater play and have excluded the Outlook forecast from this basin analysis. If the situation changes, we will re-evaluate the exploration opportunities in the deepwater portion of the basin.

Table of contents

Tables and charts

This report includes 13 images and tables including:

  • Key play characteristics
  • Assumptions
  • Exploration wells by play
  • Licensed exploration acreage
  • Expiry forecast of current licences
  • Summary and key issues: Image 1
  • Geology: Table 1
  • Basin creaming curve
  • Key basin data
  • Top discoveries (TYP period)
  • Cumulative discoveries by play
  • Cumulative volumes discovered by play
  • Typical fiscal terms - Plio-Pleistocene Deepwater

What's included

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    Italy Caltanissetta exploration basin

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