Sound to connect Italy gas field to export pipeline
Italy Sound Energy began commercial production from the Nervesa well in July 2015. The company estimates the field to hold 630 mcm (22.2 bcf) of gas. The company expects 50,900 cubic metres (1.8 mcf) of gas per day to flow into the grid.
The company announced a name change to Sound Energy from Sound Oil in October to reflect a shift in concentration from oil to gas operations. Sound Energy is also preparing to drill an onshore gas well in Morocco’s Tendrara licence.
The mid-cap company made significant gains in 2015 by reviving the onshore Ragpagnano and Casa Tiberi gasfields and generating USD 1.3 million in revenues, as well as negotiating with Moroccan company Maghreb Petroleum to buy a 25% stake in the Sidi Moktar licence, which holds the 8.3-bcm (293-bcf) Kechoula gas discovery.
Recent Posts
Touchstone acquires Trinidad E&P player Trinity
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil “optimistic and pushing forward” with Mozambique’s Rovuma LNG
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
SLB OneSubsea, Subsea7 sign long-term deal with Equinor
SLB OneSubsea and Subsea7 have signed a long-term strategic collaboration agreement with Equinor and begun work on two of its… Read More
Presight AI takes 49% stake in ADNOC energy AI player
Presight has acquired a 51% shareholding in AIQ, an energy-focused AI player founded by ADNOC and G42, the companies announced… Read More
Wood wins TotalEnergies North Sea flare recovery work
UK engineering contractor Wood has been awarded a decarbonisation project by TotalEnergies to support flare gas recovery in the North… Read More