Independent Oil & Gas plc (IOG) announced that following delays it had spud the first Southwark development well in the Southern North Sea. ROV ISSUES The company said it had expected to drill the well by the weekend of 18-19 December, following repairs of the Noble Hans Deul rig. However repeated technical issues with […]
Tag: Independent Oil and Gas plc (IOG)
IOG signs off Blythe-Southwark platforms
Independent Oil and Gas plc (IOG) today announced the mechanical completion of the Blythe and Southwark platforms, with installation due by the end of June 2021. CONSTRUCTION The gas company added that, following the arrival of the Noble Hans Deul rig at Elgood, it had also full drawn its bond escrow account into unrestricted cash. […]
IOG starts drilling at Elgood
Independent Oil and Gas plc (IOG) said it had started Phase 1 drilling of five gas development wells in the UK Southern North Sea. Elgood well 48/22c-H1 is expected to take some three months to drill and complete ahead of first gas before the rig moves to Blythe during the early part of the third […]
IOG swings to a loss
Independent Oil and Gas plc (IOG) swung to a loss as the company’s cash balance fell and the group recorded a net debt. In its final audited results for the year ended 31 December 2020, the company reported post tax losses of £19.3 million compared with a 2019 profit of £15m generated by the CalEnergy […]
IOG increases gas estimates at Goddard-Abbeydale
Independent Oil and Gas plc said it had increased resource estimates of its P2438 Goddard and P2442 Abbeydale licences in the UK Southern North Sea. Both licences are held in a joint venture between IOG (50%, operator) and CalEnergy Resources (UK) Ltd (CER) (50%). Interpretation and mapping of 1,200km² of 3D seismic data has […]
IOG appoints David Gibson as COO
Independent Oil and Gas plc has appointed David Gibson as its chief operating officer (COO) effective from yesterday (8 February). Mr Gibson has extensive North Sea engineering and project management experience over nearly 30 years in the energy industry. This includes Foster Wheeler Wood Group, Amec, Marathon Oil UK Ltd, TAQA Bratani, and most recently […]