Overview
Po Valley Energy is currently developing two of its natural gas fields, onshore Selva Malvezzi and offshore Teodorico (AR94PY), which are fully drilled, Selva has received Final Production Approval and Teodorico is awaiting approval.
Selva (63% PVE)
Podere Maiar (Selva) is an onshore natural gas field in the eastern part of the Po Plan, among the Ferarra and Bologna provinces, in the Emilia Romagna region. The exploration permit measures 506 sq km and within this permit the Selva Malvezzi production concession is 80.68 sq km
Teodorico Project (100% PVE)
The 100%-owned Teodorico (AR94PY) licence is located off the east coast of Italy, approximately 30km southeast of Venice and 40km northeast of Ravenna in the shallow waters of the Adriatic Sea.
This is a large field with a gas rate capacity of 300,000 scm/day. It received Environmental Approval in March 2021; however a Development Plan for Teodorico needs to be approved.