INA and Edison International have launched production on the North Adriatic field Izabela, after having resolved the last open issues and thus meeting all preconditions for beginning gas exploitation.
The Izabela gas field is located 60 km off Pula. Total gas reserves are estimated at approximately 1.4 billion m3, with the expected production of approximately 280 million m3 per year. Two production platforms were installed in a water depth of 37 m. From there, gas will be transported to Ivana A and Ivana K platforms, also located in North Adriatic, where it will be further processed and compressed, and then released to transmission systems towards Croatia and Italy.
"We are pleased with the consensus reached between the two parties after constructive talks with our Italian partners. This is an important milestone for our company as it shows we are a good partner with a great experience in exploration and production projects in the Adriatic and also expresses our intention to extend our cooperation even beyond this project," commented Zoltán Áldott, President of the Management Board of INA.
“The continuous and productive dialogue with our partner INA has led to a solution on mutual satisfaction, which comes at a time of renewed focus on the Croatian upstream sector. The Izabela field’s start of production testifies the competences of the company in the exploration and production sector and strenghten Edison’s growth strategy in Croatia, especially at the light of the new bidding round for the exploration licenses in the Adraitic Sea,” added Nicola Monti, Executive VP of Edison E&P.
Adapted from press release by Katie Woodward
Read the article online at: https://www.oilfieldtechnology.com/exploration/07072014/ina_and_edison_launch_production_on_north_adriatic_field_984/