Our Asset Portfolio

Coro Energy’s international expansion strategy is underpinned by an existing portfolio of producing, cash generative assets

THE COMPANY’S ASSET PORTFOLIO IS SITUATED OFFSHORE OF EAST JAVA, INDONESIA AND ON THE EAST COAST AND IN THE PO VALLEY REGION OF ITALY. EAST JAVA IS A GROWING GAS MARKET WITH EXISTING CONTRACTED SUPPLY DECLINING AND UPWARD PRESSURE ON PRICES.

Our Ambitious Regional Growth Strategy

We have announced our debut acquisition in East Java, Indonesia, which has exceptional deal terms and financial metrics. This acquisition has established a solid platform to grow in South East Asia. We continue to evaluate a large number of opportunities in the region. While we are focused on both oil and gas, we have a definite preference for gas.

Our strategy

  • Production/Development asset
  • Exploration asset
  • Other asset
Indonesia

Indonesia

Bulu PSC

Bulu PSC is Coro Energy’s debut asset in South East Asia. The acquisition of a 42.5% stake in the Bulu PSC added scale in terms of reserves, resources, production and cash generation capability.

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  • Production/Development asset
  • Exploration asset
  • Other asset
Italy

Italy

Bezzecca

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 16,000 scm / day (¬550 Mcf / day).

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Sant’Alberto

The 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.

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Sillaro

The 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.

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Rapagnano

The 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).

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Santa Maria Goretti

Santa 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.

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Laura

Laura 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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