Country Report
Italy upstream summary
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Italy is southern Europe's largest oil and gas producer. Oil production will exceed 100,000 b/d throughout the 2020s thanks to the long-awaited start-up of TotalEnergies' 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 liquid production by the mid-2020s. Gas production will remain around 350 mmcfd before increasing once Eni's Cassiopea project, offshore Sicily, comes onstream. Upstream operators in Italy have typically faced bureaucratic challenges, including delays to environmental approvals at the regional level. However, Italy's current government, which was installed in 2022, intends to proactively support domestic gas output to boost security of supply. If prices remain high, this could unlock further upstream investment, most notably thanks to the relaxation of a previous moratorium on offshore drilling within 12 miles of the Italian coast.
Table of contents
- Executive summary
- Key facts
- Location maps
-
Key companies
- Eni
- Energean
-
Other investors
- Majors
- Other international operators
- Other Italian operators
- Small E&P operators
-
Geology
- 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
-
Exploration
- Licensing
-
Key current issues
- PiTESAI (plan for the sustainable energy transition of suitable areas) cancellation
- Offshore E&A ban within defined distance 12 nautical miles of coast (2016 onwards)
- Licensing procedure
-
Drilling
- Drilling activity
-
Future activity
- Key future E&A activity
-
Historical activity
- Onshore
- Offshore
-
Reserves and resources
- Reserves by sector and basin
- Reserves by report
-
Production
-
Liquids
- Future production
- Historical production
-
Gas
- Future production
- Historical production
-
Liquids
-
Infrastructure
-
Oil infrastructure
- Pipelines
- Crude tanker ports
- Refineries
- Gas infrastructure
- Overview
-
Domestic pipelines
- Current
- Future: Adriatica line
- International pipelines
-
Pipelines from North Africa
- Transmed
- Libya-Italy (Greenstream)
- Proposed
-
Pipelines from Central Europe
- Trans Austria Gasleitung (TAG)
- Trans Europa Naturgas Pipeline (TENP)
-
Southern Gas Corridor
- Trans Adriatic Pipeline (TAP)
- Proposed
- LNG projects
- Underground gas storage (UGS)
-
Oil infrastructure
-
Costs
- Introduction
-
Capital costs
- Capital expenditure by location
-
Policy and regulation
- Key legislation
-
Recent legislation
- Energy support measures (decree 176/2022, November 2022)
- Decommissioning of marine platforms (decree No. 57/2019, February 2019)
-
Previous legislation (no longer active)
- PiTESAI (plan for the sustainable energy transition of suitable areas, February 2022)
- Exploration and appraisal (E&A) moratorium (decree No. 135/2018, converted (with amendments) into law 12/2019, February 2019)
- E&A ban within 12 nautical miles of coast (decree dated December 2016, enshrined into law in 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
-
Fiscal terms
-
Overview
- Upstream
- Midstream / downstream
-
Historical background
- Royalty
- Offshore
- Onshore peninsula
- Onshore Sicily
- Corporate income tax (CIT)
- EU temporary solidarity contribution (2022)
- Sample cash flow
-
Overview
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 2
- Infrastructure: Table 3
- Existing and planned gas infrastructure
- Reserves and contingent resources at 01/01/2024
- Liquids and Gas Production 2024
- Net Acreage 2024
- 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
- Existing oil infrastructure
- Costs: Table 1
- Costs: Table 2
- Offshore licence zones
- Fiscal terms: Table 1
What's included
This report contains:
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