Projects / Selva
Selva
- 63%
- PVE interest
- 80.68 sq km
- Concession
- 506 sq km
- Exploration permit
- 1km
- To the SNAM grid
The Selva Malvezzi Production Concession, located within the Podere Maiar exploration licence, is among some of the largest gas discoveries in Northern Italy. The Podere Maiar 1 well has a relatively low Capex and is only 1km from the National grid.
Selva Malvezzi Upside Potential
Field
Podere Maiar well
- Development stage
- Successful well test and flow rates recorded in late 2017 (PM1dir)
Prospect
Selva levels A+B prospects
- Stratigraphic pinch-out prospects proved viable by successful Podere Maiar-1 well
- Level A and B sands in mid-pliocene reservoir
Prospect
Riccardina prospect
- Lower pliocene sand target
- Riccardina-1 well did not hit the structure
- Structural trap on the footwall of a back thrust associated to Selva main thrust
Prospect
East Selva prospect
- Podere Maiar - 1 Well proved the concept that this prospective resource is based on the same play of Selva trend
- Total 3D survey
- 3D full fold area
- Podere Gallina expl. licence
- Selva Malvezzi prod. concession
- Hover a marker for details
Source: Po Valley Energy, Selva Malvezzi Upside Potential, April 2019. Recreated.
PVE plans to produce at a maximum of 80,000scm/day solely from C2 sands and then switch to C1 sand[1]. Production levels will be monitored and managed carefully as an earlier than expected water breakthrough would have a major impact on the project and disrupt production significantly.
PVE has a history of dealing with high quality counterparts in the Italian energy market and expects this to continue as future production comes on stream.
In addition to the 3D Seismic survey enhancing prospects for success for the remaining exploration wells in the Selva block, particularly East Selva, which appears to have significant gas volumes. There is potential for the Selva Concession in relation to gas and CO2 storage opportunities. This could to be a substantial value add to the Company.
[1] CGG CPR (July 2022). Refer to ASX Announcement 26 July 2022
Reserves & Resources*
| Licence | Project | Reserves | Contingent Resources | Prospective Resources | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1P | 2P | 3P | 1C | 2C | 3C | Low | Best | High | ||
| Selva Malvezzi [Net] | Selva (Podere Maiar1) | 2.38 | 8.18 | 18.58 | ||||||
| Selva level A South | 0.7 | 1.1 | 2.3 | |||||||
| Selva level B North | 2.2 | 5.6 | 11.2 | |||||||
| Selva level B South | 0.6 | 2.2 | 5.9 | |||||||
| Fondo Perino | 6.4 | 9.2 | 12.9 | |||||||
| East Selva | 18.3 | 21.9 | 25.6 | |||||||
| Riccardina | 8.2 | 24.4 | 81.2 | |||||||
| AR94PY | Teodorico | 27 | 37 | 48 | ||||||
| Teodorico | 7.4 | 10.6 | 14.0 | |||||||
| PL3-C | 7.9 | 15.9 | 25.0 | |||||||
| Cadelbosco di Sopra | Zini (Qu-B) | 1.1 | 2.7 | 4.6 | ||||||
| Canolo (Qu-A) | 0.7 | 1.1 | 1.7 | |||||||
| Canolo (Plioc) | 0.4 | 3.6 | 10.5 | |||||||
| Zini (Qu-A) | 0.6 | 1.4 | 2.4 | |||||||
| Torre del Moro | Torre del Moro | 420.7 | 502 | 596.1 | ||||||
Table 6: Gas Reserves and Resources by Field at 31 December 2023 (as per CPR dated 25 July 2022 ASX announcement 26 July 2022) less depletion from production for the year 2023.
Prospective Resources are the estimated quantities of petroleum that may potentially be recovered by the application of a future development project(s) relate to undiscovered accumulations. These estimates have both an associated risk of discovery and a risk of development. Further exploration appraisal and evaluation is required to determine the existence of a significant quantity of potentially moveable hydrocarbons
Read the full Selva description+
Podere Maiar (Selva) is an onshore natural gas field in the eastern part of the Po Plain, 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.
Po Valley’s PM-1 well in the Selva Malvezzi production concession began production in July 2023. Po Valley has a processing plant and surface processing facilities and the 1km export pipeline to the SNAM grid. The surface facilities include skid-mounted separation and hydration units, fiscal metering, and produced water storage tanks. In addition, the development includes an allowance for compression in late field life. PVE will have 63% interest in the Selva Malvezzi Production Concession once 37% has been transferred to our Joint Venture partner.
The Selva Malvezzi Production Concession, located within the Podere Maiar exploration licence, is among some of the largest gas discoveries in Northern Italy. The Podere Maiar 1 well has a relatively low Capex and is only 1km from the National grid.
PVE plans to produce at a maximum of 80,000scm/day solely from C2 sands and then switch to C1 sand[1]. Production levels will be monitored and managed carefully as an earlier than expected water breakthrough would have a major impact on the project and disrupt production significantly.
PVE has a history of dealing with high quality counterparts in the Italian energy market and expects this to continue as future production comes on stream.
In addition to the 3D Seismic survey enhancing prospects for success for the remaining exploration wells in the Selva block, particularly East Selva, which appears to have significant gas volumes. There is potential for the Selva Concession in relation to gas and CO2 storage opportunities. This could to be a substantial value add to the Company.
[1] CGG CPR (July 2022). Refer to ASX Announcement 26 July 2022