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ENERGY FOR THE FUTURE
CONTENTS
EDISON: NEW CHALLENGES FOR THE FUTURE
3
E&P OPERATIONS
4
E&P OPERATIONS IN ITALY
E&P OPERATIONS
IN THE MEDITERRANEAN BASIN
6
8
E&P IN EGYPT
10
E&P IN ALGERIA
10
E&P IN CROATIA
11
E&P IN ISRAEL
11
E&P OPERATIONS IN THE WORLD
12
E&P IN NORWAY
14
E&P IN UK AND FALKLAND ISLANDS
16
INFRASTRUCTURES AND SUPPLY
18
STORAGE AND DISTRIBUTION
20
TRANSPORT
21
ELECTRIC POWER OPERATIONS
22
EDISON: A LEADING PLAYER
IN ELECTRICITY MARKET
EDISON IN THE WORLD
24
26
ENERGY FOR THE FUTURE
E&P Division
EDISON: NEW CHALLENGES FOR THE FUTURE
Edison is Europe’s oldest electric utility and one of the key players in Italy’s energy
sector. For 130 years it has played a leading role in Italy’s industrial development. Today,
Edison is ready to resume its growth path, consistent with its strategic mandate within
the EDF Group.
Edison is active in its traditional electric power sector
and is the most credible challenger of the former
monopolists. It also plays an increasingly important
role in the hydrocarbon area, bolstered by growing
investments in exploration and production to increase
oil and gas reserves and production.
development such as the Dunkerque LNG terminal
and the South Stream pipeline.
In addition, Edison is promoting infrastructural projects
to import natural gas that will help Italy and Europe
to diversify energy supply sources.
E&P operations have grown, in the last decades,
from being a niche Italian activity to becoming an
established international outfit. In the E&P sector,
Edison’s task will be to develop the portfolio of
assets both in Italy and abroad, widen the
geographic imprint of the group.
In this mission Edison will be strengthened and
complemented by EDF’s ongoing infrastructure
The Company stands ready to seize international
growth opportunities, particularly in the
Mediterranean Basin.
2013 HIGHLIGHTS
369
121
47,700
15.7
22.5%
7.7
56.3
12,335
3,200
MMBoe
Hydrocarbons Reserves (2P)
Billion m3
Gas Sales in Italy
TWh
Electric Power Sales in Italy
3
Gas Storage in Italy
Permits and Concessions
Edison Gas Sales/
Total Italian Gas Demand
Millions Euros
Sales Revenues
2
Pipelines in project
Boe/d
Hydrocarbons Daily Production
GW
Electric Installed Capacity
Employees
1,500,000
Customers in Italy
3
E&P OPERATIONS
Edison owns gas and crude
oil reserves both in Italy and
abroad. E&P activities are
managed by Edison’s E&P
Division. In Italy Edison is active
in the exploration and production
of natural gas and crude oil with
48 concessions and 10
exploration permits. Edison
holds 63 licenses abroad.
4
5
E&P OPERATIONS IN ITALY
6
Since the early 50s Edison has always played a
leading role in the Italian energy sector with
discoveries of major importance. The Italian activities
are managed by the two districts of Pescara (Adriatic
offshore and Northern Italy) and Siracusa (Sicily
channel).
In 2013 Edison produced in Italy 4,5 MBOE of which
410 Msmc of gas and 1.9 MMbbl of oil . The bulk of
the gas production came from the two major gas field
of Daria and Clara, both operated by Eni, whilst the oil
production, came from the operated offshore fields of
Vega, Sicily, and Rospo Mare, in the Adriatic sea and
the non operated onshore field of Tresauro (Enimed).
In the past four years major investments have been
put in place to replace the two FSO vessels through
which the oil is stored in order to apply the best
practices in the industry and comply with the latest
environmental regulations.
In the coming years Edison will complete a significant
investments plan in Italy with a dual focus: optimize
and maximize oil production and develop new gas
resources.
OIL PROJECTS
Sicily Channel
Vega
Vega field is located in the
Sicilian channel, 20 km south
of Pozzallo (RG). In production
since 1987 the field is
operated by Edison with a
60% working interest (Eni
is the partner with 40%).
The Vega cluster consists of
Vega A, the field currently in
production, and the yet to
be developed Vega B field.
Vega A was developed with
24 wells, a platform located
in 130 m water depth to
process 60.000 barrels of oil
per day and a floating
storage and offloading tanker
(Leonis) with a capacity of
110,000 tons to temporary
store production.
The crude oil is transported
from the Leonis to refineries
by tankers shuttles.
In 2010 the partners started
considering a development
concept for Vega B and now
detailed studies are ongoing.
The plan currently consists in
the construction of a new
unmanned platform connected
to Vega A through a sealine
and drilling of new wells. First
oil is expected in 2017 with
annual production of 1,5
MMbbl.
The authorization process
is currently ongoing and the
final investment decision is
expected by the beginning
of 2015.
platform to the Gela terminal.
First gas is expected in 2018
with an initial flow rate of 4.6
MMScm/day. Once
developed, the project will
contribute 9.8 Bscm of gas
reserves (100%) to the JV.
GAS PROJECTS
Sicily Channel
Argo Cluster
In the Sicilian channel another
Eni (Operator), Edison JV will
proceed to the development
of the Argo cluster. The
project consists in the
development of two, already
discovered, gas fields: Argo
and Cassiopea, located 25
km offshore the Sicilian coast.
The development plan
consists in the drilling of two
new wells to be completed
subsea in 600-700 meters
water depth and tied back
togheter with two existing
well to a new platform,
“Prezioso K”, to be installed
in 45 meters water depth.
The platform will host the
treatment and compression
system and will be connected
through a bridge to the
existing Prezioso platform.
A new sealine will transport
gas production from the
Adriatic Sea
Fauzia
Edison holds a 40% working
interest in the ENI operated
Fauzia Field. The field is
located in the Adriatic Sea,
40 Km offshore Pesaro, in an
intensely developed area with
more than 10 platforms at a
short distance.
The development plan for
Fauzia calls for the installation
of new unmanned platform,
in 70 meters water depth, the
drilling of 2 wells and the
installation of 15 km of sealine
connections to existing
facilities.
The platform has been
commissioned in September
2014. Current production is
450 MSmc/day. The project
will contribute 1 Bscm of gas
reserves (100%) to the JV.
Clara North West
Edison holds a 49% working
interest in the ENI operated
Clara NW Field. The field is
located in the Adriatic Sea,
48 offshore Ancona.
The development plan for
Clara NW calls for the
installation of new unmanned
platform in 77 meters of water
depth, the drilling of 4 wells
and the installation of 13 km
of sealine connections to
existing facilities. First gas is
expected in 2016 with an
initial rate of 900 kScm/day.
The project will contribute
1.6 BScm of gas reserves
(100%) to the JV.
Clara South East
Edison holds a 49% working
interest in the ENI operated
Clara SE Field. The field is
located in the Adriatic Sea,
48 offshore Ancona.
The development plan for
Clara SE calls for the
installation of new unmanned
platform in 78 meters of
water, the drilling of 2 wells
and the installation of 4,1 km
of sealine connections to
existing facilities. First gas is
expected in Q1 2017 with an
initial rate of 650 kScm/day.
The project will contribute
841 MScm of gas reserves
(100%) to the JV.
FAUZIA
(in project)
Falconara
Ancona
CLARA NW
(in project)
Milan
CLARA SE
(in project)
A
D
R
DARIA
FAUZIA
ROSPO B
IC
REGINA
ROSPO C
T
TIRRENIAN SEA
I
A
NAIDE
ANEMONE
ALBA MARINA
CLARA
ROSPO A
S
CALIPSO
EA
SARAGO MARE
SAN MARCO
CARASSAI GROTTAMARE
EMMA
GIOVANNA
TY
SQUALO
SANTO STEFANO MARE
S. Giovanni Teatino
R
ROSPO MARE
R
Rome
H
PORTOCANNONE
E
N
IA
REGGENTE
CANDELA
N
S
EA
ACCETTURA
Licata
PANDA
Gela
CASSIOPEA
PREZIOSO K
(in project)
ARGO
Siracusa
Pozzallo
VEGA-B (in project)
Siracusa
COMISO
LEONIS
TRESAURO
VEGA-A
HEADQUARTERS
LOCAL OFFICE
GAS FIELDS
OIL FIELDS
SIC
ILIAN CHANNEL
7
E&P OPERATIONS IN THE
MEDITERRANEAN BASIN
Edison’s E&P efforts date back
to the 50’s and at the time were
focused on Italy. At the end of
the 80’s, the maturity of the
Italian market led Edison to start
operations abroad, beginning
with Mediterranean Countries.
Within the Mediterranean basin
Edison still concentrate
nowadays 100%
of its producing assets.
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9
E&P IN EGYPT
In Egypt Edison holds a 100% operated participating interest in the Abu Qir concession in the Nile Delta offshore and
operates (with a 60% working interest) the West Wadi El Rayan license, in the Western Desert. Edison has also a 20%
participating interest in the Rosetta offshore production license. During 2013-2014 Edison took part to the Bidding
Rounds and it was awarded of 5 new exploration licences, 3 of which operated.
the NAQPII platform to the
AQP I with the aim to increase
the transportation capacity
offshore and enhance the
transportation efficiency.
Edison is ready to start in the
coming years a second phase
of redevelopment which will
entail drilling new wells and
building another platform in the
North Abu Qir concession with
the aim of maintaining gas
production plateau.
ABU QIR
At the beginning of 2009
Edison acquired 100% of the
exploration, development and
production rights of the Abu Qir
Concession. Operations are
managed by a 50-50 JV
between EGPC (Egyptian
General Petroleum
Corporation) and Edison
named Abu Qir Petroleum and
based in Alexandria.
The Abu Qir development
consists of 3 concessions (Abu
Qir, North Abu Qir, West Abu
Qir) located offshore in the Nile
Delta in water depth ranging
from 14 to 35 meters. The
fields are currently producing
gas and condensate from the
Abu Madi and Kafr El Sheik
formations. The offshore
facilities include 7 platforms
(including 2 bridge connected
compression platforms), 24
wells and a network of sealines. The onshore facilities are
located in the Meadia plant and
have a treatment capacity of
480 MMScf per day.
The oldest fields in the Abu Qir
concessions have been in
production since the 1970s.
After the acquisition, Edison
initiated an important
intervention which had a
twofold approach: on one side
a production optimization and
infrastructure revamping plan
was put in place; on the other
side an important exploration
campaign was undertaken
which lead to important
discoveries in particular in the
North Abu Qir concession.
After four years of investments
the first phase of the Abu Qir
redevelopment is terminated. In
the North Abu Qir concession a
new platform has been
installed, a total of more than
10 wells have been drilled and
an equal number of workover
has been performed. Gas
production doubled going from
140 to 270 MMSCF per day
and the liquids, condensate
and LPG production increased
significantly going from 5.000
to 7.600 bbl per day.
A new pipeline has been
installed in 2012 connecting
ROSETTA
The Rosetta Concession,
operated by BG 80% and
Edison 20%, is located on the
northwestern margin of the Nile
Delta, extends to approximately
48km offshore in 60 m water
depth and was awarded in
1995. In 1997 three successful
discoveries lead to the
signature of a Gas Sales
Agreement together with the
Rosetta Field Development
plan approval. Rosetta started
production in 2001 and supplies
Egypt’s domestic market.
The unitized development of the
Sequoia field which lies across
the boundary of the WDDM
and Rosetta Concessions was
sanctioned in 2008. It consists
of six sub-sea wells: three wells
on each of WDDM and
Rosetta which are tied back to
existing infrastructure. First gas
came on-stream in 2009, with
production delivered to both
the domestic and export markets.
WEST WADI EL RAYAN
The West Wadi El Rayan
concession is located in the
eastern sector of the Western
Desert Basin. It was granted to
Edison in May 2005.
In September 2006 Edison
farmed out a 40% share to
RWE remaining the Operator
with 60%.
In October 2009 the first
development lease was
assigned to the JV following the
WWER 2X oil discovery. In June
2012 a second development
lease related to the Rayan 3X oil
discovery was assigned to the
JV and a third lease related to
the discoveries Rayan 2XA,
WWER E1X and Rayan 1X,
was assigned in January 2013.
Current production is around
800-1.000 bbl day; to optimize
the oil sweep efficiency a water
injection project has been put
in place. The rusults of this
projects are aligned with the
expectations.
BIDDING ROUND
In order to grow our presence
in the country Edison has
been extremely active during
the last Bidding Round, with
the aim to enforce our
exploration asset portfolio.
In February 2014, Edison
signed a contract for
exploration and production
rights in South Idku Area,
onshore West Nile Delta with
a 25% working interest and
North Thekah Area, offshore
Eastern Mediterranean, with a
50% working interest.
In September 2014, Edison
was awarded of the 100%
exploration right of the North
West Gindi, onshore Western
Desert and the 50%
exploration right of both North
West Al Amal Area, offshore
Gulf of Suez and North Port
Fouad Area, offshore Eastern
Mediterranean.
E&P IN ALGERIA
Edison has been active in Algeria since the late 90’. Through the participation in most bid
rounds in the country from 1995 to 2005 Edison developed a wide experience of the
exploration themes in various areas of the Algerian south.
In 2002 a JV with Edison as a
minority shareholder obtained
the rights on the Reggane
North block, located in the
Reggane basin in the SouthWestern sector of the
Algerian Sahara desert where
the main exploration targets
are gas bearing Devonian and
Carboniferous sandstones.
Since February 2012 the JV
is in the development phase;
FEED phase has been
10
completed in 2013. Tender
process for the award of EPC
Contract has been launched
during 2013. Main Contract
has been awarded in May
2014. During the second
part of the year in field
activities has been
commenced. Construction
phase is expected to be
completed in 2017.
The development plan
foresees a gas production
plateau of 100 Bcf/year for
12 years starting in 2017. A
total of more than 1.7 Tcf of
gas reserves will be put into
production.
Edison owns a working
interest of 6.2% in the
Reggane North block.The
other partners are Sonatrach
(40%), Repsol (29.25%
Operator) and RWE (19.5%).
Reggane field.
E&P IN CROATIA
Edison owns a participating interest of 70% in the Izabela
Contract Area offshore Croatia.
The asset is operated by
Edina (Edison International
50%, INA 50%) and consist
of two gas fields (Izabela and
Irena) located in the northern
part of Adriatic Sea, about 50
km NW of Pula, in water
depth of around 37 m. The
Izabela and Irena fields were
discovered in 2004 and
2006 respectively.
The development plan for the
Izabela field was prepared in
2008 and completed in
2010. Two unmanned
platforms have been installed,
and 5 wells drilled and put on
line. Gas production can be
exported via purposefully built
and existing infrastructure
both to Italy and Croatia.
Production started in July
2014 with a flow rate of
approx. 21 MSmc/d.
Izabela platforms.
E&P IN ISRAEL
Israel is one of the most interesting area in the Eastern Mediterranean (Levantine Basin) for hydrocarbon exploration. In
the last decade several Bcm of gas have been discovered in the Israeli offshore by Noble Energy and local partners.
The geologic play of the
Levantine Basin has been
confirmed also in the Cyprus
offshore (Afrodite) and it will
be the target of the next
exploration bid round in the
Lebanon offshore. An upside
potential in the area is related
to deep oil targets that will be
tested by Noble in the near
future within the Leviathan
lease.
Edison activity started in
2011 with a regional study.
After evaluating different
opportunities, in 2012 Edison
negotiated with Ratio Oil the
farm-in in the GAL permit. The
permit, covers 1,770 square
Km, in 1,100 to 1,600 meters
of water and is located in the
southwest corner of Israel's
Exclusive Economic Zone,
150 km off the coast. Edison,
Venice
FRANCE
Joint Venture submitted the
request for an extension
period in order to better
investigate the area and
perform geological studies
and analysis. The request was
accepted in July 2014. The
activities to define the
location for a possible well to
be drilled within 2016 are
currently on going.
with a 20% share, has been
accepted by the Oil
Commissioner as deep water
Operator in the Joint Venture.
In February 2013 the Oil
Commissioner approved the
transformation of the Gal
permit in two separate
licenses: Neta and Royee
which cover most of the area
previously occupied by the
Gal permit. In April 2014 the
Trieste
IZABELA N
NORTH A/Q P-III
IZABELA S
ITALY
Pula
NORTH A/Q
NORTH A/Q P-II
WEST A/Q
A/Q P-II
MED
IT
A/Q P-I
AN SEA
ERRANE
Idku
Abu Qir
Algiers
Tunis
Media Gas Plant
ALGERIA
ROYEE
TUNISIA
NETA
ROSETTA
Abu Qir
SIDI ABD
EL RAHMAN
REGGANE NORD
LIBYA
ISRAEL
WEST WADI
EL RAYAN
EGYPT
11
E&P OPERATIONS
IN THE WORLD
In the last decade Edison
expanded its operations outside
of the Mediterranean.
An initial phase of expansion
saw Edison present in West
Africa, in particular Senegal and
Ivory Coast where the company
still has an active presence.
Currently the biggest areas
of activity are offshore Norway.
Norway and more generally the
North Sea will be the next
production cluster in Edison
E&P operations.
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13
E&P IN NORWAY
Norway is confirmed as a strategic Country for
Edison that aims to develop Norwegian essets
and to consolidate here its third active pole of
production in addition to Italy and Egypt.
Edison International Norway Branch (EINB)
has been active in Norway since 2007 and is
based Stavanger. Edison through a successful
exploration activity reached a portfolio of
24 licenses (8 North Sea, 8 Norwegian Sea,
8 Barents sea). To date Norway Branch
showed successful track record thanks to the
discoveries of Zidane East and West in
2010/2012 and Skarfjell in 2012.
24 LICENCES,
7 OPERATED,
3 DISCOVERIES
We have a proven track record
thanks to the oil discoveries of
Zidane East and West in
2010/2012 and Skarfjell in
2012.
In 2014 Edison International
accomplished a positive
drilling decision in PL 616
license, and the first
exploration well as Operator
will be drilled mid-2015.
Edison International is actively
working to participate for the
23rd Licensing Round, and
joined the Barents Sea South
East shooting group for new
3D surveys.
DISCOVERIES
Edison International Norway
Branch has participated in all
the APA licences rounds since
2006 and in the 20th, 21st
&22nd Licensing Round.
Edison was qualified as
Operator in the NCS in 2009.
Starting from 2011 Edison is
leading, as Operator, the
management of 7 licenses
(PL 595, PL 587,PL 616, PL
707,PL759, PL727,PL770)
located in the Barents Sea,
Norwegian Sea and North
Sea. Edison International
participates actively, as
14
These discoveries are entering in the
development phase and will contribute with
their productions to the Company targets.
Edison is also part of the NSGI/Polarled Gas
transportation project.
Edison will continue its exploration activity
combining organic growth with targeted
opportunities in order to optimize its portfolio
and consolidate its positioning in the Country.
Leveraging on its long lasting experience, its
technical skills and financial stability, Edison
aims to play an increasing role in the NCS with
a long term industrial perspective.
partner, in the licenses
activities. In the last years
Edison has participated in the
drilling phase of 6 new
exploratory wells on the NCS
with 3 discoveries.
ZIDANE DISCOVERIES
(PL 435), NORWEGIAN
SEA
Production license (PL) 435 is
located 15 Km northwest of
the Heidrun field and 35 Km
south of the Skarv field in the
Norwegian Sea. In the 1980s
the Zidane area was not
considered very promising by
the oil industry following
unsuccessful exploration by
some companies.
New exploration concepts
derived from revue of old well
data resulted the application
for a relinquished area. PL435
was awarded in 2007 and the
Zidane-1exploration well
6507/7-14S was drilled in
September 2010 and proving
a 150 meter gas column in the
Fangst group.
In the second part of the
2000s new exploration
concepts were developed, and
in 2007 a consortium with
RWE Dea as operator (40%),
Edison (20%), Maersk Oil
(20%) and OMV (20%) was
awarded PL435. The Zidane-
1exploration well , 6507/7-14S
was drilled in September 2010
and found a 150 meter column
in the Fangst group.
A second well drilled in 2012,
Zidane 2 well 6507/7-15S,
penetrated a separate
accumulation and found gas in
a 140 meter column of gas in
the Fangst group.
The field development plan is
currently in the conceptual
design phase. Commercial
production is expected to start
by 2018.
The development is planned
with four producing wells with
subsea completion drilled from
one centrally located template
tied-in to the Heidrun platform.
Gas will be exported via
Polarled.
The most likely Technically
Recoverable Reserves (P50)
are estimated to be 17.06
GSm3 with a plateau rate of
7MSm3/day.
SKARFJELL DISCOVERY
(PL 418), NORTHERN
NORTH SEA
The Skarfjell discovery was
made by the 35/9-7 well drilled
in 2012 in the PL 418,
Northern North Sea, 17 kms
southwest of the Gjøia Field.
The discovery well found good
reservoir in the upper Jurassic
Heather formation with good
reservoir quality.
The discovery was appraised
by 35/9-8 well, drilled in 2013
approximately 1,8 km to the
north. The appraisal well found
a thicker reservoir and the Oil
Water Contact was
penetrated.
The 35/9-10 well was drilled in
the southern part of the Skarfjell
with two deviated wellbores
(35/9-10S&35/9-10A).
The recoverable resources are
estimated between 10 and 23
million Smc of oil and
condensate, and 8-15 billion
Smc of gas. The Skarfjell
discovery is currently in the
pre-development phase.
PENGUIN
In September 2014 a well
drilled by Statoil discovered
wet gas in the area of the
Barent Sea demostrating a
new play to be better
assessed.
POLARLED
Polarled was funded by a
sponsor group consisting of
Centrica, ConocoPhillips,
Edison, E.ON Ruhrgas, GDF
SUEZ, Maersk, OMV, Petoro,
RWE Dea, Shell, Statoil and
Total. Statoil will be the
development operator.
LOCAL HADQUARTERS
PL 613
GAS FIELDS
PL 717
OIL FIELDS
R
BA
PL 226
PL 713
EXPLORATION LICENSES
E
SEA
S
NT
PIPELINE IN PROJECT
PL 707
PL 595
PL 708
PL 770
Nordkapp
Hammerfest
Tromso
SEA
N
A
I
NORWEG
Aasta Hansteen
Bodo
I C
CT
AR
LE
R C
C I
0°
.5
66
POLAR LE D
PL 601
PL 693
PL 759
PL 692
ZIDANE
PL 435
PL 510
PL 643
PL 587
Trondheim
Nyhamna
EA
NORTH S
NORWAY
SKARFJELL
PL 418
PL 568
Bergen
Oslo
Stavanger
PL 503
PL 620
PL 498
PL 727
PL 541
PL 616
15
NORT
H SEA
CYGNUS
KILMAR
GARROW
UNITED
KINGDOM
TYNE
TRENT
MARKHAM
Bacton Refinery
Great Yamouth
WENLOCK
IRELAND
London
E&P IN UK AND FALKLAND ISLANDS
UK CONTINENTAL SHELF
In the UK Continental Shelf Edison is active
through its fully owned subsidiary Euroil.
Euroil is a minority JV partner in two licenses
insisting on the Markham field.
Markham has been discovered in 1984
and is in production since 1992. Gas
production is collected on the K13 platform
and subsequently evacuated in Holland
at the Den Helder Terminal.
EDF PRODUCTION UK
In the UK Continental Shelf Edison is active
through its fully owned subsidiary Euroil.
Euroil is a minority JV partner in two licenses
insisting on the Markam field.
Markam has been discovered in 1984 and is
in production since 1992. Gas production is
collected on the K13 platform and
subsequently evacuated in Holland at the
Den Helder Terminal.
In the course of 2013 Edison acquired the
only E&P assets EDF owned through its fully
subsidiary EDF Production UK (EDFP),
located in the UK North Sea,
It deals with anon operated participating
interest in three offshore producing gas
fields: a 80% participation in the Wenlok
field and a 68% participation in the Kilmar
and Garrow fields (Tors area). Tors and
Wenlok are mature assets. Abandonment is
foreseen in 2018 (Wenlok) and 2023 (Tors).
Kilmar, Garrow and Wenlok have all been
developed through unmanned platforms
installed in shallow waters (30-50
meters)from which dry-tree wells have been
drilled. Production from the fields is
transported to the onshore Bacton terminal
through a network of third party operated
platforms and pipelines.
Edison foresees to increase its presence in
the area through an organic growth and a
production acquisition. Scouting activities
targeting a production acquisition that could
fit with Edison strategic plan are under
finalization.
28th SEAWARD LICENSING ROUND
Edison has been awarded 5 licenses in the
28th Seaward Licensing Round: 2 licenses
with E.ON and Bayerngas in the Central
North Sea; 1 license with Oyster in the
Central North Sea; 1 license with Maersk
and Total in the Northern North Sea; 1 license
with Maersk and Nexen in the Central North
Sea. One further license in the West of
Shetland is pending approval.
Wenlock platform.
Markham platform.
16
FALKLAND ISLANDS
Edison’s acreage in the Falkland Islands is
extremely large: 49,000 km2 (equivalent to
220 North Sea Blocks) and is located in 13
licences to South and East of the islands in a
mostly untested basin.
The Falkland Island south and east basin is
an exciting frontier basin with world class
potential where a number of prospects
already identified in different geological plays
reduce the overall exploration risk.
The Falkland Islands, a British Overseas
Territory, enjoy a large degree of internal selfgovernment with the United Kingdom
guaranteeing good government and taking
responsibility for their defence and foreign
affairs. The capital and only city is Stanley on
East Falkland.
AN
AT L
TIC OCEAN
N
FALKLAND ISLANDS
Stanley
S
ARGENTINA
Ushuaia
Edison farmed in the licenses
previously 100% owned by
Falkland Oil and Gas Ltd a UK
based explorer in June 2012
taking 25% in the Northern
Licenses and 12,5% in the
southern licenses. In August
2012 Noble Energy, farm-in both
to the Northern Licences and
Southern Licences for a 35%
interest, assuming operatorship.
The Loligo well, reaching a depth
of more than 4000 meters, was
followed by the Scotia well,
reaching a depth of more than
5,500m, were drilled in the
Northern Area Licences using the
Leiv Erikisonn drilling rig in the
second part of 2012.
Both wells found hydrocarbons
were completed safely and within
budget and reinforce the partners
confidence in the potential of the
basin.
An intensive and comprehensive
work program, which included an
extensive 3D seismic acquisition
campaign with three seismic
surveys for a total amount of
12.000 sqkm and G&G studies,
has been performed during 20132014 in order to properly assess
the exploration potential of the
area.
According to the existing work
schedule a new drilling campaign
is expected to start by mid 2015
based on the evaluation and
interpretation of the new 3D
datasets.
The locations for two wells to
be drilled in 2015 in the South
Falkland basin will be matured
in the course of 2014.
The Falkland Islands.
17
INFRASTRUCTURES
AND SUPPLY
Edison has an integrated
presence in the natural gas
supply chain, from production to
importation, distribution and
sales.
By developing new gas
infrastructures of Europe-wide
importance, Edison is aiming
to consolidate its role as a
leading operator in the energy
sector.
18
19
STORAGE AND DISTRIBUTION
GAS STORAGE FACILITY IN ITALY
COLLALTO
LNG
A
D
IA
R
SAN POTITO
T
IC
S
EA
PALAZZO MORONI
T
STORAGE
Edison Stoccaggio Spa is the company of the
Group in charge of natural gas storage
operations. Edison Stoccaggio can draw on a
long tradition of expertise in the field, having
entered into the storage sector since early
1980s, when the production field of Cellino was
converted into a storage facility. Nowadays
Edison Stoccaggio offers storage services
through the fields of Cellino and Collalto, located
respectively in Abruzzo and Veneto.
The Company is currently completing an
important multi-year investment plan which has
allowed a significant increase of its storage
capacity through the expansion of the two
existing fields and the start of operations in the
new concession of S.Potito and Cotignola.
Y
R
CELLINO
R
H
E
N
DISTRIBUTION
Edison Distribuzione Gas (DG) is the company
of the Group that takes care of natural gas
distribution operations.
Edison DG distributes each year about 300
million cubic meters of natural gas to 150,000
customers in Northern and Central Italy and
operates 1,450 km of low-pressure pipelines,
1,200 km of medium-pressure pipelines and
1,000 km of connecting-pipe systems.
Edison DG is planning to grow its size
participating in the new tenders that are soon to
be issued by Italian municipalities.
The Collalto Storage field.
20
AUSTRIA
SWITZERLAND
Milano
FRANCE
Rovigo
Rosignano
BLACK SEA
ITALY
Piombino
BULGARIA
Sofia
IGB
PIPELINE
Rome
Istanbul
Otranto
GALSI
PIPELINE
Cagliari
POSEIDON
PIPELINE
TURKEY
GREECE
Athens
ALGERIA
TUNISIA
CYPRUS
Crete
LEGENDA
EAST-MED PIPELINE
EXISTING NETWORKS
GALSI
IGB PIPELINE
IGI ONSHORE
POSEIDON PIPELINE
MEDIT
E A S T- M E D P I P E L I N E
ERRANEAN SEA
LIBYA
ISRAEL
EGYPT
TRANSPORT
THE TRANSPORT PROJECTS UNDER
DEVELOPMENT
Edison develops some important projects in
Southern Europe:
• IGB gas pipeline (3-5 billion cubic meters
of gas/year), which will interconnect the Greek
network to the Bulgarian network;
All these projects have a strategic relevance for
the European goals of security and diversification
of energy supplies and have been received the
status of Projects of Common Interest according
to the European Regulation 347/2013.
Morover Edison, as EDF’s Gas Platform, supports
the development of South Stream Offshore
Project (63 billion cubic meters of gas/year) which
will interconnect Russian Gas System to Europe,
crossing the Black Sea until Bulgaria’a shore.
• Galsi gas pipeline (8 billion cubic meters
of gas/year), which will link Algeria with Sardinia
and Tuscany;
• Poseidon gas pipeline (10-14 billion cubic
meters of gas/year), that will link Italy and
Greece as part of the ITGI project to link Italy
and Europe with the gas reserves developed in
the Caspian, the Middle East and the East
Mediterranean Regions.
• East-Med pipeline (10-15 billion cubic meters
of gas/year) that will unlock the gas reserves
recently discovered in the East Mediterranean
to Greece and to the Poseidon Pipeline.
21
ELECTRIC POWER
OPERATIONS
Founded in 1884, Edison is
Europe’s oldest energy
company. Today, it’s one of
Italy’s leading operators in the
electric power and hydrocarbon
sectors. In the electric power
sector, Edison’s share of the
Italian production market was
6.7%, with 18.7 TWh produced
in 2013.
22
ELECTRIC POWER
HIGHLIGHTS
7.7
GW
installed generating capacity
18.7
TWh
electric power net production in Italy
56.3
TWh
electric power gross sales in Italy
111
electric power production sites
23
EDISON:
A LEADING PLAYER IN ELECTRICITY MARKET
Edison is one of Italy’s leading operators in the
electric power and hydrocarbon sectors.
Edison installed capacity is 7.7 GW, with a portfolio
of efficient and environmentally compatible
generating facilities that includes 47 hydroelectric
power plants, 22 thermoelectric power plants (6 of
which mothballed), 32 wind farms, 9 photovoltaic
systems and 1 biomass system. In 2013 all these
facilities produced 18.7 TWh of electricity.
THE ITALIAN ENERGY MARKET
In Italy, the process of deregulating the energy
market, which got under way in 1999 for electric
power and in 2000 for natural gas, completed its
course over a period of 10 years through several
legislative steps. As a result, Italian businesses
and families are now able to choose the supplier
of electric power and natural gas that best suits
their needs.
WHAT WE OFFER TO THE MARKET
Since the very beginning, Edison has been in
forefront of the deregulation process as the most
dynamic operator, selling energy to large companies
and supporting the establishment of consortia of
small and medium-sized business, which,
individually, did not consume enough energy to
access the benefits of a competitive market.
Today, Edison can count on a vast portfolio of
business customers including a substantial share
of the independent contractor market.
ENERGY EFFICIENCY: CONSUME LESS
AND BETTER
Edison offers its customers a broad range of
services to help them increase energy efficiency
and rationalize their energy resources.
The Edison approach to energy efficiency does
not end with selling services or technologies.
We offer an innovative business model designed
to revolutionize the relationship between energy
supplier and customer and transform it into a
technical partnership that ensures customized
solutions and savings.
24
EDISON STANDS BY RESIDENTIAL
CUSTOMERS
Edison is in the residential market with an offer to
supply electric power to families that is recognized
as the most affordable alternative. On the heels of
its successful foray into the electric power area,
Edison broaden its sales package for families with
the addition of natural gas. The sales packages can
meet every consumption need with different options.
When customers choose Edison, no activation costs
or security deposit are required and no changes to
the meter or the electrical system are needed.
Switching is extremely easy and instantaneous:
customers can execute the contract online
(www.edisoncasa.it). Today Edison has over
1,500,000 customers in Italy.
CENTRALE KHR
(Edison 20%)
HEADQUARTERS
PRATI DI VIZZE
EL.IT.E
CURON
GLORENZA
OPERATING COMPANY
BRUNICO
MARLENGO
LASA
THERMOELECTRIC POWER PLANT
THERMOELECTRIC MOTHBALLED PLANT
HYDROELECTRIC POWER PLANT
WIND FARM
SONICO
PIEVE
VERGONTE
CAMPO
ALBANO
BATTIGGIO
PIANCONE
MONZA
COLOGNO MONZESE
SESTO S.G.
Milano
PHOTOVOLTAIC SYSTEM
TROFARELLO
CASCINA
BIANCHE
BIOMASS SYSTEM
OVIGLIO
BELVISO
PREMESA
CASTELLAVAZZO
TAIO
VENINA
MEZZOCORONA
GANDA
VAL MEDUNA (5 c.li)
ARMISA
COGNO LA ROCCA
POZZOLAGO
VEDELLO
CIVIDATE
TORVISCOSA
ZAPPELLO
VAL CAFFARO (4 c.li)
PUBLINO
MARGHERA
Selvazzano
CALUSCO
PADERNO
ROBBIATE
MEDIGLIA
SARMATO
PORTO VIRO
VERZUOLO
R&D CENTER
PONTE GARDENA
CASTELBELLO
CEDEGOLO
A
SAN QUIRICO
FARIGLIANO
MERCHANT LINE EL.I.TE.
TEGLIA
Bologna
D
ROCCHETTA
R
IA
SAN BENEDETTO
VAL DI SEMBRO
T
PORCARI
IC
MONTEMIGNAIO
JESI
S
EA
PIOMBINO
PENTIMA
TERNI
ITALY
No
MW INSTALLED
GWh PRODUCTION
47
1,358
4,388
N
E
HYDROELECTRIC POWER PLANTS
TERMOLI
RIPABOTTONI
FRAINE
H
GWh PRODUCTION
MONTEFFERRANTE
MONTAZZOLI
CASTIGLIONE
M. MARINO
Roma
R
MW INSTALLED
22
5,812
13,503
S. Giovanni Teatino
SULMONA
R
THERMOELECTRIC POWER PLANTS
No
BUSSI
TY
2013 PRODUCTION MIX
IA
LATINA
N
S
EA
LUCITO
ROCCASPINALVETI
CASTELNUOVO DELLA DAUNIA
ROIO-SCHIAVI
FAETO
PIEDIMONTE
VOLTURARA MOTTA
FOIANO
VOLTURINO
CELLE
MONTE BARBATO
CANDELA
SAN
TOPPO GROSSO
ORSARA
VITO
S. GIORGIO
LA MOLARA
ROCCHETTA
FOIANO
S. ANTONIO
PIANO
DEL CASINO
VAGLIO
CASTELNUOVO
DI CONZA
SELLA DI CONZA
WIND FARMS
No
MW INSTALLED
GWh PRODUCTION
32
471
824
ALTOMONTE
MELISSA-SAN FRANCESCO
MELISSA-STRONGOLI
PHOTOVOLTAIC SYSTEMS
SIMERI-CRICHI
9
13
11
No
MW INSTALLED
GWh PRODUCTION
Palermo
BIOMASS SYSTEMS
MISTRETTA
MILAZZO
1
6
41
No
MW INSTALLED
GWh PRODUCTION
Ragusa
Siracusa
ABROAD
THERMO PRODUCTION ABROAD
GWH
1,338
SIC
ILIAN CHANNEL
INTERNATIONAL EXPANSION
Today the areas with the greatest potential are the
Balkans and the Mediterranean Basin.
In Greece, Edison has an established presence as
the country’s second largest operator through
Elpedison, a joint venture with Hellenic Petroleum
and Halcor.
Elpedison owns a 390 MW combined cycle
(CCGT) power plant in Thessaloniki and a 420 MW
CCGT facility in Thisvi. The joint venture’s goal is to
achieve over the next few years a 20% share of the
Greek production market.
Thisvi power plant.
25
EDISON IN THE WORLD
NORWAY
UK
BELGIUM
CROATIA
FRANCE
ITALY
GREECE
ALGERIA
FALKLAND ISLADS
26
Edison Spa
Foro Buonaparte 31
20121 Milan - Italy
Tel. +39 02 62221
www.edison.it
Edison Energia Spa
Foro Buonaparte 31
20121 Milan - Italy
Tel. +39 02 62221
www.edisonenergia.it
HUNGARY
ROMANIA
Edison Spa
Via del Quirinale 26
00187 Rome - Italy
Tel. +39 06 478921
Fax +39 06 47892234
BULGARIA
Edison Spa
EU Liaison Office
Avenue des Nerviens 3
1040 Bruxelles - Belgium
Tel. +32 (0)2.737.1570
Fax +32 (0)2.737.1575
Edison Hellas Sa
27, Vassilissis Sofias Ave.
10674 Athens - Greece
Tel. +30 210 7258701
Fax +30 210 7257997
Edison Spa
Via Teracati 102
96100 Siracusa - Italy
Tel. +39 0931 448111
Fax +39 0931 442610
TURKEY
ISRAEL
EGYPT
Edison D.G. Spa
Via Pelosa 20
35030 Selvazzano Dentro (PD)
Italy
Tel. +39 049 873941
Edison Energie Speciali Srl
Foro Buonaparte 31
20121 Milan - Italy
Tel. +39 02 62221
Edison International Spa
Croatia Branch
Glavna prodružnica Zagreb
Šubiceva 29
10000 Zagreb - Hrvatska
Tel. +385 (1)4592732
Fax +385 (1)4592592
Edison International Spa
Egypt Branch
Block # 17, City Center
5th settlement, New Cairo
Tel. +202 23222417
Fax +202 23222444
Edison International Spa
Norway Branch
Hinna Park, Troll Building
Jåttåvågveien 18 - 4020 Stavanger Norway
Tel. +47 52 97 71 00
Fax +47 52 97 71 49
[email protected]
Edison Stoccaggio Spa
Via Aterno 49
Contrada Dragonara di Sambuceto
66020 San Giovanni Teatino (CH)
Italy
Tel. +39 085 44671
Edison Trading Spa
Foro Buonaparte 31
20121 Milan - Italy
Tel. +39 02 62221
Edison Trading Spa
Bulgaria Branch
Boulevard Knyaginya Maria Louiza, 2
1000 Sofia - Bulgaria
Tel. +35 92 9830350
Fax +35 92 9841351
Edison Trading Spa
Hungary Branch
Váci utca, 15
1052 Budapest - Hungary
Tel. +36 1 429 0330
Fax +36 1 235 0415
Edison Trading Spa
Romania Branch
C.A. Rosetti Street, 17
Sector 2 - Bucharest - Romania
Tel. +40 21 527 0414
Fax +40 21 527 0339
EDF
22-30 Avenue de Wagram
75382 Paris cedex 08 - France
www.edf.com
27
Edison Spa
Foro Buonaparte 31
20121 Milan - Italy
tel 02 62221
Edited by
E&P Division
Editorial Coordination
External Relations Department
Design
M Studio
Photo
Edison Media Center
(www.edisonmediacenter.it)
Terminale GNL adriatico S.r.l.
Printing
Grafiche Maggioni
November 2014
Edison Spa
Foro Buonaparte, 31
20121 Milan - Italy
tel. +39 02 6222.1
www.edison.it