Project Profile
Location: Marche region, eastern Italy
Proven reserves: 0.1 bcf (December, 2015)
Area: 4.92 sq km
Start-up Year: 2013
San Lorenzo Production Concession targets to develop and produce the Casa Tiberi gas discovery. The proposed development plan contemplates an initial gas production phase followed by the generation of electricity for the local network. Once awarded the first phase of development requires the fast-track installation of a processing plant which will utilise a number of the Marciano production facilities. The gas will be exported to the local grid network with a connection to the low pressure (4 bar) flowline located close to the site. Overall the phased development is designed to maximise the recovery of gas reserves.
Sound Energy has received formal approval of the Environmental Impact Assessment (EIA) for its San Lorenzo production concession in the Marche region in the east of Italy. Sound expects the award of the concession will occur during the fourth quarter of 2013.
In November 2011, the Casa Tiberi-1 well discovered gas. It was re-entered in January 2012 and the interval 571-581 metres perforated and this successfully flowed gas with a final rate of 37,850 scmd on a 5/16\" choke (approximately 1.3 MMscfd). A second test was conducted in March 2012 and the well flowed as planned at a stabilised rate of 8,000 scmd (0.28 MMscfd) on a 8/64ths inch choke with a flowing tubing head pressure of 54 bar.
Operators:
Sound Energy (previously named Sound Oil Plc): Operator with 100% interest