Italy 2017-10-19T16:23:29+00:00

Our Italian assets are detailed below.

At a glance

Guendalina

  • 20% working interest
  • Northern Adriatic
  • 2016 production 410 boepd

Ombrina Mare

  • 100% working interest
  • International arbitration commenced

Civita

  • 100% working interest
  • Onshore gas production
  • 2016 production 130 boepd

Monte Grosso

  • 23% working interest
  • ~250 mmbbl oil prospect
  • 23% chance of success

Guendalina (Rockhopper 20%)

Operated by Eni, the Guendalina gas field, located in the Northern Adriatic, has been in production since October 2011.

Guendalina continued to produce to forecast during H1 2017 and production over the period averaged 53,000 standard cubic metre (“scm”) per day net to Rockhopper (approximately 320 boe per day). Plant availability over the period continued to be very strong with production from the side‐track well in 2015 continuing to make a material contribution to field production.

Ombrina Mare (Rockhopper 100%)

Following the decision in February 2016 by the Italian Ministry of Economic Development not to award the Company a Production Concession covering the Ombrina Mare field, a decision was made to plug and abandon (“P&A”) the existing OM‐2 well and remove the tri‐pod structure which had been constructed in 2008 with the intention of forming part of the future production facilities on the field. The P&A operation was successfully completed without incident in early August 2016 using the Attwood Beacon rig. The decommissioning and removal of the tri‐pod structure is expected to commence in October 2017 ‐ the cost of which Rockhopper will seek to recover through the recently commenced international arbitration process.

Civita (Rockhopper 100%)

During the first half of 2017, production from the field averaged approximately 22,000 scm per day (approximately 130 boe
per day). Gas compression was successfully commissioned at the site in December 2016. As described later in the Financial Review, the Company agreed in June 2017 the terms for the disposal of a package of non‐core interests in Italy, including the Civita field, to Cabot Energy plc.

Monte Grosso (Rockhopper 23%)

Rockhopper transferred the operatorship of the Serra San Bernado permit (which contains the Monte Grosso prospect) to Eni during 2016. Eni is exploring options for the design of a well on the Monte Grosso prospect, whilst working in parallel to
secure the necessary regulatory and permitting approvals to drill a well.