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Total approves $1.9bn Tempa Rossa project

by on July 25, 2012 2:47 pm GMT
 

The field is expected to enter production in early 2016,
producing 50,000 barrels of oil per day at plateau, along with 230,000 cubic
metres of natural gas and 240 metric tonnes of LPG.

Total operates the field on a 75% stake with Shell holding
the remainder. First awarded the concession in 2002, Total saw its project licence suspended in 2009 during a corruption investigation.

The project consists of building a production and processing
center for the oil and gas, an LPG storage center, and a tie-in to the Val
d’Agri-Taranto pipeline, which will carry the oil to the Taranto refinery in
the Apulia region for subsequent export.

The capacity of the oil pipeline and the refinery’s tank
farm and port terminal will be expanded to handle the increase.

Tempa Rossa is located in the southern Apennines of the
Basilicata region, at an altitude of 1000 metres.

Lying more than 4000 metres beneath the surface, the field
will be produced using eight wells, six of which have already been drilled.

Total’s Italian exploration arm also has interests in five
exploration licenses located in the same region as the Tempa Rossa project.