Sound Oil cleared to re-appraise offshore Italy gas field
Nov. 16, 2012
Italy’s Ministry of Economic Development has reopened Sound Oil’s applications for two of its offshore permits.
Offshore staff
LONDON– Italy’s Ministry of Economic Development has reopened Sound Oil’s applications for two of its offshore permits.
Both d150DR-CS (containing the Laura gas discovery) and d148DR-CS are in the Gulf of Taranto, offshore southernItaly.
Both permit applications were withdrawn by the Ministry in August 2011 in compliance with environmental decree 128/2010 enacted in June 2010 (thissuspended oil and gas activity within a 5-nautical mile radius of the Italian coast).
James Parsons, Sound Oil CEO, said: “The Laura discovery is one of the ‘hidden gems’ in the company’s portfolio… The company intends to prioritize the appraisal and development of this material gas field.”
