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Renewables & cleantech

Coro Energy back in production at Bezzecca in Italy

The well demonstrated strong pressure support, Coro said

Coro Energy PLC (AIM:CORO) said it has resumed production at the Bezzecca gas field in Italy.

The well demonstrated strong pressure support, Coro added, giving good indications for production performance in line with previously announced expectations of around 15,000 standard cubic metres daily (scm/d).

Stabilised production rates will be provided following an initial period to allow the necessary time for gas processing parameters to be adjusted.

James Parsons, Coro's chairman, added: "I am delighted to announce that we have brought Bezzecca back into production which, together with the imminent resumption of Sillaro plus the current stable production from Casa Tiberi and Rapagnano, will increase cash flow generation from our Italian portfolio at an opportune time as spot gas prices escalate during the winter months."

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