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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. 8 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. 12 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