Total launches Tempa Rossa field development in Italy

Total launches Tempa Rossa field development in Italy

6:16 AM, 30th July 2012
Total launches Tempa Rossa field development in Italy
Yves-Louis Darricarrere, President, Exploration & Production, Total.

PARIS, FRANCE: Total has made the final investment decision for the Tempa Rossa field in the Basilicata region of southern Italy. Operated by Total (75 per cent) alongside Shell (25 per cent), the Tempa Rossa field is scheduled to come on stream in early 2016, producing 50,000 barrels of oil per day at plateau, along with 230,000 cubic metre of natural gas, 240 metric tonne of LPG. Italy’s oil production will increase nearly 40 per cent as a result. The project represents an investment of €1.6 billion.

“Development of the Tempa Rossa field is a significant achievement for Total. It is one more in a long line of projects whose start-up will sustain the Group’s production growth in the next few years. The field has significant potential and will make a strategic contribution to regional economic development,” said Yves-Louis Darricarrere, President, Exploration & Production, Total.

The project consists of building a production and processing centre for the oil and gas, an LPG storage centre, and a tie-in to the Val d’Agri-Taranto pipeline, which will carry the oil to the Taranto refinery in the Apulia region, from which it will be exported. The capacity of the oil pipeline and the refinery’s tank farm and port terminal will be expanded to handle the increase.

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