Po Valley Energy Limited (PVE)

Overview

Po Valley Energy Limited is an energy company focused on the development and exploitation of gas and condensate reserves within the Po Valley region in Italy. The company has concentrated its efforts on a select portfolio of projects, aimed at harnessing the natural resources in this part of Italy, an area with a long-standing history of energy production. Founded in 1999 and headquartered in Perth, Australia, Po Valley Energy is a key player in the local energy market, leveraging its extensive experience and focus on this specific geographical area to build a robust and sustainable operation. Its strategic project locations, including both offshore and onshore sites, position the company to effectively meet the energy demands of its market while committing to efficient and environmentally responsible extraction methods.

Products and Services

Po Valley Energy Limited's portfolio is composed of two primary projects, each targeting different sections of the energy market within the region:

• The Teodorico Project:

This is a 100% owned venture by Po Valley Energy, located in the shallow waters of the Adriatic Sea. The Teodorico project aims to extract gas and condensate, a lighter and valuable form of hydrocarbon liquid that usually accompanies gas deposits. Its offshore location presents unique operational challenges, but also offers significant potential yields due to the project's positioning in an area with known hydrocarbon basins. The development of this project underscores the company's capability to manage complex extraction activities in varying environments.

• The Selva Gas Field:

Located in the eastern part of the Po Plain in the Emilia Romagna Region, the Selva Gas Field is another key asset for Po Valley Energy, with the company owning a 63% stake. This project taps into the substantial onshore gas reserves found within this part of Italy, with an aim towards contributing significantly to the local energy supply. The Selva Gas Field is notable for its strategic location in one of the most productive agricultural and industrial regions of Italy, thus offering a crucial energy resource that benefits both local enterprises and residents. This endeavor represents Po Valley Energy's commitment to supporting regional development through sustainable energy production.