Sound Oil Signs Gas Sales Agreements

Italy-focused junior producer Sound Oil reported Monday that it has signed two gas sales agreements for gas from its Rapagnano and Casa Tiberi fields. Meanwhile, the firm has agreed to purchase industrial land in the Lombardy region of Italy that will host the drill site for its initial Badile exploration well.

Sound said that it has entered into a 12-month gas sales agreement for Rapagnano with Steca Energia and another 12-month gas sales agreement for Casa Tiberi with Prometeo.

The deal to buy an approximately 637,000-square foot plot of industrial land in Lombardy for the Badile exploration well, as well as follow-on production wells, will cost the firm EUR 1.8 million ($2.3 million).

Have a news tip? Share it with Rigzone!


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

More from this Author
Rigzone Staff
e-mail us at
 -  Aker Solutions to Buy Brazilian C.S.E (Oct 21)
 -  Sea Trucks Group Secures Work Offshore... (Oct 21)
 -  Shell Divests Non-Core Oil, Gas Proper... (Oct 21)
 -  Petrofac Appoints New CFO (Oct 21)
 -  Wheatstone LNG Development Start-Up in... (Oct 20)

Most Popular Articles

From the Career Center
Jobs that may interest you
Production Engineer
Expertise: Production Engineering
Location: Houston, TX
Senior Client / Program Manager
Expertise: Geologist|Reservoir Engineering
Location: Seattle, WA
Senior Sales Representative - Oil and Gas
Expertise: Corrosion Engineering|Petroleum Engineering|Sales
Location: Harvey, LA
search for more jobs

Brent Crude Oil : $49.98/BBL 1.59%
Light Crude Oil : $49.18/BBL 1.56%
Natural Gas : $2.73/MMBtu 1.44%
Updated in last 24 hours