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Sound Oil hopes Nervesa drilling can begin this year

2/09/2014 by

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Sound Oil, the Mediterranean focussed upstream oil and gas company, has announced that the Treviso Province authorities have approved the Environmental Impact Assessment ("EIA") for the second appraisal well of the Nervesa gas discovery.

It is expected that EIA final approval from the Veneto Region and the drilling authorisation from the Italian Ministry of EconomicDevelopment will follow with a view to beginning operations on site before the end of the year.

James Parsons, Sound Oil's chief executive officer, commented: "This is an important step for our business. Nervesa remains a flagship project for Sound Oil with an estimated NPV10 of circa US$66m (100%). 

This article has been extracted from http://www.stockmarketwire.com/, please click on this link to read the article in full http://www.stockmarketwire.com/article/4878227/Sound-Oil-hopes-Nervesa-drilling-can-begin-this-year.html

Montash is a multi-award winning, global technology recruitment firm. Specialising in permanent and contract positions across mid-senior appointments which cover a wide range of industry sectors and IT functions, including:

ERP, BI & Data, Information Security, IT Architecture & Strategy, Energy Technologies, Demand IT and Business Engagement, Digital and E-commerce, Infrastructure and Service Delivery, Project and Programme Delivery.

With offices based in London, Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid-management in permanent and contract roles.

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