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ADX Energy Sicily Channel Gas Development

Sector: Water Supply and Storage • Location: Sicily, Italy

Source: The Australian

Project
Planned

ADX Energy has been awarded the C.R 150.AU permit offshore western Sicily, which is highly prospective for gas. The project involves exploration and potential development of gas fields with a resource potential of about 370 Bcf, with upside to 770 Bcf. The development could include six subsea wells tied back to an onshore tie-in point approximately 50km away, with capital expenditure estimated at

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The project “ADX Energy Sicily Channel Gas Development” is an infrastructure initiative in the Water Supply and Storage sector, located in Sicily, Italy. Taiyo aggregates data on it from The Australian.

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Participants

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Status

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planned

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Description

Description

ADX Energy has been awarded the C.R 150.AU permit offshore western Sicily, which is highly prospective for gas. The project involves exploration and potential development of gas fields with a resource potential of about 370 Bcf, with upside to 770 Bcf. The development could include six subsea wells tied back to an onshore tie-in point approximately 50km away, with capital expenditure estimated at about US$380 million. The project benefits from shallow water and drill depths, proximity to shore, and strong European gas prices.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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