21st Nov 2013 11:11
LONDON (Alliance News) - Sound Oil PLC Thursday said it has awarded TESI srl, an Italian company, with an Engineering, Procurement, Construction and Lease contract at the Casa Tiberi gas field.
The Mediterranean-focused oil and gas exploration and development company said the contract is for a total of EUR300,000 and involves the three-month construction and subsequent lease of a production site in anticipation of first gas from the field in early 2014.
Sound Oil shares were up 1.8% to 7.25 pence Thursday.
By Tom McIvor; [email protected]; @TomMcIvor1
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