Sound Oil, the European / Mediterranean focused upstream oil and gas company, is pleased to announce an update on 2013 production at the onshore Rapagnano field.
Total 2013 production for the period May to December was 2.25 MMscm (79.45 MMscf), some 15% above budget. This was achieved without lost time incident. The average production rate was 9,770 Scmd (0.34 MMscfd) with total 2013 gas deliveries yielding revenue of circa €567,000, which is €900,000 on an annualised basis.
The Company plans to produce a further 1.2 Bscf over a twelve year period.
Source:
http://www.youroilandgasnews.com/news_item.php?newsID=97823
