Italy to open exclusive Po basin area in 1992

Journal Article · Mon May 27 04:00:00 EDT 1991 · Oil and Gas Journal; (United States)

OSTI ID:6249352

Rigo, F

Under new regulations of the European Community, no oil and gas state monopoly is allowed in the member countries. As a consequence, by 1992 Italy will open for application by international oil companies all lands not covered by exploitation concessions in the ENI exclusive area. This monopoly area covers the prolific Po basin, the cradle of the Italian state oil company AGIP SpA, Milan. Due to profits derived from numerous gas discoveries of the 1950s in this basin, AGIP, a relatively small enterprise at that time, could eventually afford to expand in Italy and abroad and through successful exploration achieve status of a major international oil company. The ENI exclusive area covers the Po and Veneto plains and adjacent 15 km of territorial waters, for a total surface of more than 23,000 sq miles. The area to become available for exploration will be regulated by the Italian petroleum law, for one of the most favorable in the world.

• OSTI ID: 6249352
• Journal Information: Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 89:3; ISSN OIGJA; ISSN 0030-1388
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020200* -- Petroleum-- Reserves
Geology
& Exploration
03 NATURAL GAS
030200 -- Natural Gas-- Reserves
Geology
& Exploration
DEVELOPED COUNTRIES
EUROPE
EXPLOITATION
EXPLORATION
FORECASTING
GEOLOGIC DEPOSITS
INVESTMENT
ITALY
MINERAL RESOURCES
NATURAL GAS DEPOSITS
PETROLEUM DEPOSITS
RESOURCES