Sound Oil has confirmed that it is still on track for production from its Nervesa gas discovery in Italy by the end of the year.
Production skid construction is scheduled for the end of October. All other equipment and materials required ahead of production are now on site.
Sound’s Badile prospect has had an extension on its permit from the the Italian ministry of economic development until December 31, 2016 or 12 months from the date of the award of the final authorisation to drill the forthcoming well (the Badile permit previously had an expiry date of 23 March 2016).
Sound Oil expects to receive final authorisation to drill the well during the course of 2015 and continues with its efforts to identify and negotiate a farm in partner.
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