Junior energy firm Sound Oil announced Thursday that it has agreed a gas sales deal for its Casa Tonetto production concession with Shell Energy Italia.
Located in northern Italy, the Casa Tonetto concession includes the Nervesa natural gas field development – which Sound declared in mid-July would produce its first commercial gas later this year following a decision by the Italian Ministry of Economic Development's decision to award the company a production concession for the project.
Sound Oil CEO James Parsons commented in a company statement:
"I am very pleased to report the signature of the gas sales agreement, which increases our exposure to Italian gas market and represents the first relationship with the Shell group.''
The Nervesa field is a 21-billion cubic foot field discovered by ENI in 1985. Sound has spud two wells on the field since 2013.
Have a news tip? Share it with Rigzone!
WHAT DO YOU THINK?
Click on the button below to add 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.
More from this Author
Most Popular Articles
From the Career Center
Jobs that may interest you