Scandoil  

Sound Oil receives final EIA approval for Nervesa field production concession


Published Apr 20, 2015
Sound Oil-2

Sound Oil has received the final approval of the Environmental Impact Assessment for the Nervesa field production concession from the Veneto Region.

The award of the Nervesa field production concession from the Italian Ministry of Economic Development is expected to follow shortly.

Meanwhile, preparations for the drilling of the second Nervesa well are nearing completion - with the rig now having arrived at the well site. The Company expects to spud the well before the end of this month.

James Parsons, Sound Oil's Chief Executive Officer, commented, 'The award of the Final EIA Approval is another important step in progressing towards first commercial production at the Nervesa gas discovery, which Sound Oil expects to achieve during 2015. The first Nervesa well, which was successfully drilled in 2013, is expected to initially generate over Euro 4 million in annual revenues.

Tags: Sound Oil plc




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml