Pressure mounts on Sound to reach Morocco FID
Sound Energy has struck a second gas sales agreement in Morocco with the local power utility.
Sound Energy has struck a second gas sales agreement in Morocco with the local power utility.
Upland Resources is closing in on the reprocessing of seismic on what could be an area of interest in Tunisia.
Sound Energy’s talks with a potential purchaser of its eastern Moroccan holdings have ground to a halt, with the company opting instead to pursue a micro LNG plan, ahead of more grandiose pipeline development works.
Sound Energy has struck a preliminary deal on the sale of its gas production from Morocco’s Tendrara concession with the state power company, Office National de l'Electricité et de l'Eau Potable (ONEE).
Sound Energy said today that its second Tendrara well in Morocco will have 40billion square cubic feet of gas in place for production once it reaches full pressure stabilisation.
Sound Energy today confirmed its rigless operations in Morocco had soared past its initial expectations.
Sound Energy said it had refocused its strategy onto onshore gas in the wake of oil's decline.
Sound Energy said it expects to get written approval for the Badile well in Italy from the Italian Ministry of Economic Development next month.
Sound Energy, the Mediterranean focused upstream gas company, has mobilised the rig for the upcoming first well at the company's Tendrara licence area, onshore Morocco.
Sound Energy has begun work on its Tendrara licence area with contracts awarded for the first well to be drilled.