South East Asian Energy Company with a natural gas and clean energy portfolio Coro Energy, further to the Company's announcement of 9 November 2022 which confirmed the resumption of production at the Bezzecca gas field in Italy, has provided an update on stabilised production rates from Bezzecca.Production commenced on 8 November 2022 and was initially constrained by the Company at lower rates which were increased gradually to keep the Water to Gas Ratio under control, with the plan to reach a stabilised production plateau following the best practices of reservoir management. The well has been producing at a stabilised rate of 15,000 scm per day since 18 November 2022 with very good pressure support giving good indications for the long term field performance.
South East Asian Energy Company with a natural gas and clean energy portfolio Coro Energy, further to the Company's announcement of 9 November 2022 which confirmed the resumption of production at the Bezzecca gas field in Italy, has provided an update on stabilised production rates from Bezzecca.Production commenced on 8 November 2022 and was initially constrained by the Company at lower rates which were increased gradually to keep the Water to Gas Ratio under control, with the plan to reach a stabilised production plateau following the best practices of reservoir management. The well has been producing at a stabilised rate of 15,000 scm per day since 18 November 2022 with very good pressure support giving good indications for the long term field performance.