THE COMPANY Acquired its flagship asset in early 2019, a 15% interest in the duyung psc. following a highly successful appraisal drilling campaign in q4 2019, we unlocked a 79% increase in 2c resource. the duyung asset is situated in the west natuna basin offshore indonesia, close to the west natuna transportation system which delivers gas to singapore - a country with high gas prices and supply shortages. in september 2020, we broadened our strategic focus to include low carbon energy assets including renewables, recognising that the global energy transition is well underway and significant investment in clean energy is required in order to meet climate goals.
We are evaluating a number of opportunities in the clean energy sector in the region. Alongside this strategic focus, we remain open to opportunities in gas, which will continue to have a key role in electricity generation, replacing coal.
Coro Energy has a 20.3% interest in ion Ventures - a South East Asian and UK focused developer of clean energy projects.
Read moreIn March 2021, Coro completed the acquisition of Global Energy Partnership Limited - a South East Asia focused renewable energy developer and operator, with expertise in wind turbine generation and solar PV technologies.
Read moreCoro Energy has a 15% direct interest in the Duyung PSC, West Natuna basin, offshore Indonesia.
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The Bezzecca gas field is located 35km east of Milan within the Cascina Castello Licence. The Bezzecca Field was awarded production concession status in July 2014 through the enlargement of the existing Cascina Castello Licence. This field started production in July 2017 and it is currently producing at around 15,000 scm / day as of November 2022
Read moreThe Sant’Alberto field is located in the “San Vincenzo” permit in the Emilia-Romagna region. A production concession was awarded in October 2017. The current development plan is to have the first year’s production delivered via a low-pressure connection at about 260m from the well head.
Read moreThe Sillaro gas field is within the Sillaro Licence and is located in the Emilia Romagna region, 30km east of Bologna, in northern Italy. With production beginning in May 2010 from two wells (one dual completion, one single completion) the current daily production of gas from the Sillaro Field is around 9,000 scm / day (¬318 Mcf / day). A production increase is envisaged through a workover on one of the existing wells, which will be sidetracked.
Read moreThe Rapagnano gas field is located onshore Italy in the Fermo Province, in the Marche region, and is currently producing around 8,000 scm / day (¬YY Mcf / day).
Read moreSanta Maria Goretti is located in Ascoli Piceno (Marche) in central Italy. The area falls within the Marche-Abruzzo region – a foredeep trough of the Central Apennines. The main plays are gas hosted in both Pleisto-Pliocene clastics and Mesozoic carbonates.
Read moreLaura was discovered by ENI/Agip in 1980 by the Laura-1 well. The field is located in 197m of Adriatic water, about 4km from the shore. The concession was kept by ENI from 1984 to 2005, when ENI relinquished it without implementing a development plan. Under the current legislation Coro will not be able to develop this licence, however the Ministry has agreed to suspend this licence for the time being.
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