Shell poised to increase investment in Italy contingent on drilling permit approvals

Written by Emily J. Thompson, Senior Investment Analyst

Source: Reuters

Updated: Nov 26 2025

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Source: Reuters

Shell's Investment Plans: Shell is prepared to increase its investment in Italy to enhance hydrocarbon production, currently spending around 500 million euros annually and seeking government approval for new drilling operations.
Production Potential: The company could potentially double its production at the Val D'Agri field to 80,000 barrels of oil equivalent per day if new wells are authorized, while the Tempa Rossa field remains underutilized.
Current Production Status: In 2024, Shell accounted for 85% of Italy's national oil production and 36% of its national gas output, highlighting its significant role in the country's energy sector.
Broader Operations: Besides hydrocarbon production, Shell also engages in lubricants, renewable energy sales, petrol station supplies, and energy trading activities in Italy.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.