Adriatic

Outline

Key Indicators

Rating

CCC-

Ranking

82

Outlook

Negative

Commentary

Recent licence terms and the arbitration result by Rockhopper continue to underline Italy's credibility as a HC province, despite its growing need for energy.

Updated

August 29, 2022

Outline

Region

Europe - Mediterranean

Position

Offshore

Hydrocarbon

Gas

Location

Adriatic

Description

The ADRB is only 49ft deep at its north-western end, deepening gradually towards the southeast. It is the largest Mediterranean shelf and is simultaneously a dilution basin and a site of bottom water formation. The Middle Adriatic basin is south of the Ancona-Zadar line, with the 890ft deep Middle Adriatic Pit (also called the Pomo Depression or the Jabuka Pit). The Palagruža Sill is south of the Middle Adriatic Pit, separating it from the 3,900ft deep South Adriatic Pit and the Middle Adriatic basin from the South Adriatic Basin.

Summary

While the ADRB has a long history of production, exploration has been sporadic and recently discouraged by the operating environment. Consequently, the Italian area of the basin remains underexplored.

Source: ESRI, BGS, USGS & OGA data

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