Mitsui says Italy's Tempa Rossa started oil production in December [Reuters]
MITSUI & CO LTD ADR (MITSY)
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Source: Reuters
Mitsui says Italy's Tempa Rossa started oil production in December TOKYO, Feb 6 (Reuters) - * Japanese trading house Mitsui & Co said on Thursday that oil production started at the Tempa Rossa project in Italy in December 2019, and that it is currently producing 25,000 barrels per day (bpd) in a ramp-up phase. * Tempa Rossa, an onshore oilfield located in the Basilicata region in southern Italy, is expected to produce 50,000 bpd at its peak for Italian and overseas markets, Mitsui said. * Total operates the project, while Mitsui and Royal Dutch Shell each hold a 25% stake. * The oil is being shipped via pipeline to the Taranto refinery in southern Italy, where it is being used as feedstock or exported. * The field will also produce 240 tonnes of liquefied petroleum gas (LPG) and 80 tonnes of sulphur a day, Mitsui said. * Total’s CFO Patrick de la Chevardiere said in April last year that it was still awaiting authorization from Italian authorities on the Tempa Rossa project although th
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