Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Rockhopper Exploration Says Gas Production Starts At Civita Field

16th Nov 2015 07:53

LONDON (Alliance News) - Rockhopper Exploration PLC said the first gas production to the network has started from the Civita gas field in the Abruzzo region of onshore Italy.

The field is located in the Aglavizza concession and is operated by Rockhopper with a 100% working interest. It will be commissioned at a rate of 12,500 standard cubic metres of gas per day, before increased to a stabilised flow rate of 25,000 cubic metres.

"Civita is the first operated field development undertaken by Rockhopper. It has been completed on time and on budget and represents a great technical and management achievement for the company," said Chief Executive Sam Moody.

"First gas from Civita, coupled with the recent drilling success at Guendalina, reinforces the benefit of our Mediterranean portfolio to our wider business, as well as its highly valuable contribution to our financial position," Moody added.

By Sam Unsted; [email protected]; @SamUAtAlliance

Copyright 2015 Alliance News Limited. All Rights Reserved.


Related Shares:

Rockhopper
FTSE 100 Latest
Value8,809.74
Change53.53