Equipment & Logistics News Oil & Gas

IOG delivers first gas from Blythe H2

IOG plc today confirmed first gas delivery on 12 June from the Blythe H2 development well into the Saturn Banks reception facilities and Bacton terminal. RATES The H2 well was brought onstream in three months and one week from spud date despite delays. The maximum well test dry gas rate is 22.8 mmscf/d and 280-336 […]

News Oil & Gas

IOG notes undeveloped gas reserves-new prospects

IOG plc has identified undeveloped additional conventional gas resources and several new prospects around the Saturn Banks project in the southern North Sea (SNS). CENTRAL CLUSTER The company, which holds cash of £31.9 million with £6.8m restricted, outlined potential development of at least five contiguous licences in the broader Vulcan and Jupiter areas. This includes […]

News Oil & Gas

IOG costs rise up to £3m

IOG plc is making “steady progress” to resolve the oil and gas influx which delayed drilling Blythe H2 development well at the Saturn Banks project in the southern North Sea. BLYTHE H2 The company added that the situation had been “uniquely challenging” but two issues of a stuck drill string and a plugged drillpipe were […]