Overview

cities and territories

The Tempa Rossa Project

In 2018 The European House – Ambrosetti and Total E&P Italia launched the “Basilicata Think Tank” initiative, aimed at defining a vision for the future of the region. With a 50% share, Total E&P is currently the operator of the Gorgoglione (PZ and MT) concession where, in 1989, the Tempa Rossa field was discovered.

The Tempa Rossa Project

In 2018 The European House – Ambrosetti and Total E&P Italia launched the “Basilicata Think Tank” initiative, aimed at defining a vision for the future of the region.  With a 50% share (25% Shell and 25% Mitsui E&P Italia), Total E&P is currently the operator of the Gorgoglione (PZ and MT) concession where, in 1989, the Tempa Rossa field – that was to become the largest oil exploration and drilling project in Italy – was discovered.

Tempa Rossa represents:

  • the largest oil exploration and drilling project currently operating in Italy and the largest oil field in Continental Europe;
  • one of the examples of horizontal drilling technology being applied on an oil well. Total was the first company in Italy, in Rospo a Mare, to apply this technology, in the first half of the 1980s. Horizontal drilling means it is possible to dig a smaller number of wells, that will, however, have higher productivity and efficiency. A horizontal oil well, therefore, has positive effects on the global costs of developing an oil field and ensures a lower environmental impact, against greater development costs;
  • the highest treatment center in Europe and the deepest production site in Italy: the oil is, in fact, protected by a layer of soil and rock that is more than 6,000 meters deep, that’s equivalent to the height of Mount Kilimanjaro (5,895 meters), the highest mountain on the African continent.

Because of its distinguishing characteristics, the Tempa Rossa Oil Plant consequently represents

an example of excellence, on a European level, because of its installed technical capacities and levels of technology.

In the area of the environment alone, what needs to be highlighted is a system for the treatment of production waters that makes it possible to transform them, before the waste outlet, into distilled water and a state-of-the-art environmental monitoring network, which includes 1,100 measuring points and that means it is possible to check air matrices, surface and ground waters, smells, noise, flora and fauna, biodiversity and seismicity around the clock.

The numbers that make Tempa Rossa a strategic investment for Basilicata and Italy

For over 15 years, starting in 2002, the region has, each year, contributed over 60% to the national production of crude oil extracted from the ground, with peaks reaching a maximum of 86% in 2007.

Total E&P Italia, with its 50% share (25% Shell and 25% Mitsui E&P Italia), is currently the operator of the Gorgoglione (PZ and MT) concession where, in 1989, the Tempa Rossa field was discovered.

Royalties and other resources available to the region

Following the start-up of the Tempa Rossa Oil Plant, total royalties for the Basilicata region are forecast to rise, reaching over €3.5 billion as cumulative value by 2030[1]. These are additional resources for the regional coffers that could be allocated to a broad-ranging plan, that looks to an all-round development of the region through the enhancement of all its basic components (industry, agriculture, tourism). But not just that – they are key economic resources for promoting the modernization of infrastructure development, welfare programs, policies for employment and attracting young people, above all in inland areas.

To find out more about the Basilicata Think Tank, go to the link.

Tempa Rossa Project (Italian version)

The costs of standing still (Italian version)

Summary map (Italian version)

 

[1] Estimate of royalties received by the Basilicata region, forecasts for 2018-2030 (includes the production of the Val D’Agri Oil Center). Source: The European House — Ambrosetti elaboration of data from the Italian Ministry of Economic Development and other sources, 2019.




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