Country Report

Italy upstream summary

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11 November 2019

Italy upstream summary

Report summary

Italy is southern Europe's largest oil and gas producer. Oil production will exceed 100,000 b/d in 2020 thanks to the long-awaited start-up of Total's Tempa Rossa field. Future output is underpinned by this and the largest field - Eni's Val d'Agri. Together, these deposits will account for almost 90% of Italian liquids by the mid-2020s. Gas production will remain around 500 mmcfd before increasing once Eni's Cassiopea project, offshore Sicily, comes onstream. Chronic regulatory and bureaucratic issues have intensified since 2018. New upstream and midstream projects have adapted in scope and scale to lower both their perceived environmental impact and the regulatory burden. This has led to a delay in first production of Tempa Rossa. FID at Cassiopea was deferred from 2014 and 2018. Val d'Agri Future Development is back in FEED, with FID expected in the early 2020s.

Table of contents

  • Executive summary
  • Key facts
  • Location maps
    • Eni
    • Edison (divesting to Energean Oil & Gas)
      • Upstream divestment
    • Other investors
      • Majors
      • Other international operators
      • Other Italian operators
      • Small E&P operators
    • Introduction
    • Hydrocarbon provinces
    • Thrust belts of the Alps and Apennines
      • Overview
      • Source rocks
      • Reservoirs
    • Folded foredeeps
      • Overview
      • Source rocks
      • Reservoirs
    • Apulian platform foreland
      • Overview
      • Source rocks
      • Reservoirs
      • Extensions / sub-basins
    • Post-Orogenic neogene basins
      • Overview
    • Licensing
      • Licensing procedure
    • Key current issues
      • Exploration and appraisal (E&A) moratorium (2019-20)
      • E&A ban within 12 nautical miles of coast (2016 onwards)
    • Drilling
      • Drilling activity
    • Future activity
      • Key future E&A activity
    • Historical activity
      • Onshore
      • Offshore
    • Reserves by sector and basin
    • Reserves by report
    • Liquids
      • Future production
      • Historical production
    • Gas
      • Future production
      • Historical production
    • Oil infrastructure
      • Pipelines
      • Crude tanker ports
      • Refineries
    • Gas infrastructure
    • Overview
    • Domestic pipelines
      • Current
      • Future: Adriatica line
    • International pipelines
    • Pipelines from North Africa
      • Current
      • Proposed
    • Pipelines from Central Europe
      • Current
    • Southern Gas Corridor
      • Under construction
      • Proposed
    • LNG projects
    • Underground gas storage (UGS)
    • Introduction
    • Capital costs
      • Capital expenditure by location
    • Key legislation
    • Recent legislation
      • Decommissioning of marine platforms (Decree No. 57/2019, 15 February 2019)
      • Exploration and appraisal (E&A) moratorium (Decree No. 135/2018, converted (with amendments) into Law No. 12/2019, 13 February 2019)
      • E&A ban within 12 nautical miles of coast (Decree dated 7 December 2016, enshrined into law on 3 April 2017)
    • Environmental legislation
    • Overview of other legislation
      • Post-1990
      • Pre-1990
    • Regulatory body
    • State oil company
      • Eni restructuring and privatisation
      • Corporate history
    • State participation
    • Licensing
      • Licence zones
      • Allocation process
      • Licence types
    • Overview
      • Upstream
      • Midstream / downstream
    • Historical background
      • Royalty
      • Offshore
      • Onshore peninsula
      • Onshore Sicily
      • Corporate income tax (CIT)
      • Sample cash flow

Tables and charts

This report includes 37 images and tables including:

  • Key facts: Table 1
  • Country map
  • Liquids and gas reserves
  • Main sedimentary basins
  • Liquids reserves by sector
  • Gas reserves by sector
  • Reserves and resources: Table 1
  • Reserves and resources: Table 2
  • Resources by sector
  • Reserves and resources: Table 4
  • Infrastructure: Table 3
  • Infrastructure: Table 4
  • Existing and planned gas infrastructure
  • Reserves and contingent resources at 01/01/2019
  • Net Acreage 2019
  • Recent licensing activity
  • Licence map
  • Exploration drilling by region
  • Liquids production by sector
  • Production: Table 2
  • Liquids production by sector
  • Liquids production by report
  • Production: Table 4
  • Liquids production by report
  • Gas production by sector
  • Production: Table 6
  • Gas production by sector
  • Gas production by report
  • Production: Table 8
  • Gas production by report
  • Infrastructure: Table 1
  • Infrastructure: Table 2
  • Existing oil infrastructure
  • Costs: Table 1
  • Costs: Table 2
  • Offshore licence zones
  • Fiscal terms: Table 1

What's included

This report contains:

  • Document

    Country Overview

    PDF 24.98 MB

  • Document

    Country Overview

    XLS 440.50 KB

  • Document

    Country Overview

    ZIP 24.89 MB

  • Document

    Executive summary

    PDF 702.89 KB

  • Document

    Key facts

    PDF 684.29 KB

  • Document

    Location maps

    PDF 5.25 MB

  • Document

    Key companies

    PDF 721.62 KB

  • Document

    Geology

    PDF 5.60 MB

  • Document

    Exploration

    PDF 5.56 MB

  • Document

    Reserves and resources

    PDF 764.16 KB

  • Document

    Production

    PDF 768.70 KB

  • Document

    Infrastructure

    PDF 5.70 MB

  • Document

    Costs

    PDF 709.58 KB

  • Document

    Policy and regulation

    PDF 5.42 MB

  • Document

    Fiscal terms

    PDF 718.55 KB

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