Country Report

Italy upstream summary

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30 October 2020

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)
      • 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
    • Key current issues
      • Exploration and appraisal (E&A) moratorium (2019-21)
      • E&A ban within 12 nautical miles of coast (2016 onwards)
      • Licensing procedure
    • 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, February 2019)
      • Exploration and appraisal (E&A) moratorium (Decree No. 135/2018, converted (with amendments) into Law No. 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
    • 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 2
  • Infrastructure: Table 3
  • Existing and planned gas infrastructure
  • Reserves and contingent resources at 01/01/2020
  • Liquids and Gas Production 2020
  • Net Acreage 2020
  • 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:

  • Document

    Country Overview

    PDF 24.98 MB

  • Document

    Country Overview

    XLS 414.00 KB