17th Apr 2015 06:48
LONDON (Alliance News) - Sound Oil PLC on Friday said it has now secured the final approval of the environmental impact assessment for the Nervesa field production concession in Italy from the Veneto regional authorities.
The award of the field production concession from the Italian Ministry of Economic Development is expected to follow soon, Sound Oil said.
It added preparations for the drilling of the second Nervesa well are nearing completion, with the rig now at the well site. It expects to spud the well before the end of this month.
"The award of the final EIA Approval is another important step in progressing towards first commercial production at the Nervesa gas discovery, which Sound Oil expects to achieve during 2015," said Sound Oil Chief Executive James Parsons.
By Sam Unsted; [email protected]; @SamUAtAlliance
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