Sound Energy lops one-sixth off cost of Badile well
The increased availability of rigs as exploration activity tapers off has enabled Sound to cut the expected cost of drilling the Badile well in northern Italy.
Company
LON:SOU
Sound Energy PLC is a transition energy focused business. The company's Micro LNG project aims to bring much-needed gas supply to Morocco, reducing the reliance on imported LPG, and playing an important role in the transition to lower carbon energy sources. Gas is also planned to be sold to local power stations via pipeline links, and surplus gas may be sold into the Greater Middle East, displacing the reliance on coal.
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The increased availability of rigs as exploration activity tapers off has enabled Sound to cut the expected cost of drilling the Badile well in northern Italy.
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