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!
Email news@rigzone.com

WHAT DO YOU THINK?

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
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  GLA is 'Single Accumulation', Largest ... (Mar 27)
 -  Software Developer Mltech Completes Fi... (Mar 27)
 -  Aberdeen City Council Lifts Finance Ba... (Mar 27)
 -  Total-Borealis-Nova JV to Build Ethane... (Mar 27)
 -  Shell to Sell Gabon Onshore Assets for... (Mar 24)


Most Popular Articles

From the Career Center
Jobs that may interest you
Packer
Expertise: Storeman|Warehouse Person
Location: Lovell
 
Drivers
Expertise: Heavy Machinery Operator|Rig Mover|Truck / HGV Driver
Location: Midland, TX
 
Class A CDL Drivers INTERVIEW OPPORTUNITY
Expertise: Motorman
Location: San Antonio, TX
 
search for more jobs

Brent Crude Oil : $50.8/BBL 0.47%
Light Crude Oil : $47.97/BBL 0.56%
Natural Gas : $3.08/MMBtu 0.98%
Updated in last 24 hours