Sound Oil Continues Exploration in Northern Italy

Sound Oil continues betting on Nervesa discovery in Northern Italy. The UK-based company has agreed a rig deal for the second appraisal well after ‘last year’s appraisal success.’ 

“This second appraisal well is a relatively shallow well with a minimal deviation, addressing the southern area of the discovery and targeting a bottom hole location up-dip from the original ENI well," said chief executive James Parsons.

Sound Oil signed a letter of intent with Hydro Drilling International, setting the cost of the well at approximately €5 million.

The company said it intend to drill a third well at Nervesa or alternatively one elsewhere within the Carita permit.

Last July, it announced a gas discovery at Nervesa in Po Valley.