PVE Achieves Successful Ramp-Up and Commissioning at PM-1 Well

Po Valley Energy Limited (ASX: PVE) has successfully completed the four-week ramp-up and commissioning program at its Podere Maiar – 1 (PM-1) gas production facility in Italy. The process concluded with the removal of memory gauges from the C2 production zone during a three-day scheduled shutdown.

Production at PM-1 has now resumed, aiming for a daily output of 72,000 standard cubic meters per day (scm/d) while awaiting data analysis results. The ramp-up phase generated around 1,800,000 scm of gas, all of which was sold under an 18-month supply agreement with BP Gas Marketing. Detailed well data analysis is ongoing and expected to yield results in three weeks. This achievement marks a significant milestone for Po Valley Energy Limited in the Selva Malvezzi Production Concession.

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