Thursday, August 17

Sound Energy Makes Pipeline Progress For Morocco Gas Discoveries

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Proactive Investors
Jamie Ashcroft

Sound Energy said its proposed pipeline route has been cleared by the local authority, paving the way for engineering and commercial activities necessary to support final authorisation.

Engineering work will now follow-up the preliminary approval.

Sound Energy PLC has revealed progress towards the commercialisation of its gas discoveries in eastern Morocco, where proposed pipeline route has been cleared by the local authority.

In a statement, the company told investors that the Wilaya of the L’Oriental Region has approved the proposed pipeline route that will be needed to transport gas from Sound’s projects in the region into the existing Gazoduc Maghreb Europe (GME) pipeline.

READ: Sound Energy details Morocco exploration plans following Tendrara successes

Sound Energy said it would now follow up this preliminary approval with engineering and commercial activities necessary to support final authorisation.

“I am delighted to have received this confirmation, which supports the significant progress we have made in developing our Moroccan portfolio to date,” said James Parsons, Sound Energy chief executive.

“The approval is also further evidence of the relationships that Sound Energy has built in country since entering in 2015, and the mutual co-operation that exists with local, regional and governmental authorities.”

 

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