Po Valley Energy (ASX: PVE ) has reported its Castello Well in Italy has been shutdown for pressure measurement.
On 29 April 2010 the company advised the ASX regarding plans to conduct downhole pressure measurements at the Castello gas field in May and detailed in the Quarterly report dated 3 May 2010.
In line with this advice, the Castello well (Vitalba-1dir) that is located east of Milan, has now been shut in and production stopped ahead of planned wireline operations.
In a statement the company said Wireline operations will be conducted over the next week to acquire downhole static and dynamic pressure profile measurements and assess reservoir behavior in the two gas production levels San A1 and San A2.
These new data, together with production performance of the well to date, will be used to determine the optimum forward production plan and reassess remaining reserves.