Project Profile
Location: east coast, 4 Km offshore, permit D150 DR-CS, Italy
Reserves: 17.1 bcf (most likely case)
Area: 63.1 sq km
Water Depth: 200 m
The Laura gas discovery is located off Italy\'s east coast in permit D150 DR-CS. Laura-1, the discovery well, was drilled in 1980 and encountered gas in two intervals. The upper Pleistocene level tested at 11 Mmscfd. In August 2011 the Ministry of Economic Development in Italy withdrew Sound Oil\'s application for Permit D150 DR-CS from the application process to full permit status. This was in compliance with the environmental decree 128/1210 enacted in June 2010 which prevents oil and gas activity within 5 nautical miles of the Italian coast. On 14th November 2012 it was announced that the Ministry had re-opened Sound’s application with immediate effect.
Operators:
Sound Energy: Operator with 100% interest
Contractors:
Fugro-Robertson: Geological survey to estimate resources (October, 2015)