Sound Oil PLC said its Apennine Energy SRL unit began civil engineering on the drillsite for the Casa Tiberi-1 farm-in exploratory well on the Montemarciano permit in southern Italy.
Sound Oil PLC said its Apennine Energy SRL unit began civil engineering on the drillsite for the Casa Tiberi-1 farm-in exploratory well on the Montemarciano permit in southern Italy.
Sound Oil, operator with 75% interest in the well, expects to spud the well within 90 days. The well site is in the Falconara Marittima Comune, Ancona Province, in Italy’s Marche Region.
Consultants pegged the well’s midrange prospective recoverable resource at 5.7 bscf of gas.
Alan Petzet is Chief Editor-Exploration of Oil & Gas Journal in Houston. He is editor of the Weekly E&D Newsletter, emailed to OGJ subscribers, and a regular contributor to the OGJ Online subscriber website.
Petzet joined OGJ in 1981 after 13 years in the Tulsa World business-oil department. He was named OGJ Exploration Editor in 1990. A native of Tulsa, he has a BA in journalism from the University of Tulsa.
