Sound Oil Agrees Italy Gas Deal with Shell
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.
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