IOG plc said that the current storms had delayed first gas until March from its Saturn Banks gas project in the Southern North Sea. SATURN BANKS The Phase 1 project comprises the Blythe, Elgood and Southwark fields in which IOG owns a 50-50 interest with CalEnergy Resources. STORMY WEATHER The company said that the Saturn Banks reception facilities preparation […]
Tag: IOG plc
IOG expects Southwark drilling to resume in March
IOG plc said it expected to continue drilling at Southwark in March after unstable conditions due to seabed scouring forced a suspension of operations in January. SEABED PADS The company said that experts had defined the forward plan with the rig owner’s agreement. “This essentially entails creating pads on the seabed with suitable sized rocks […]
IOG phase I capex to rise on slow progress at Bacton
IOG plc said it anticipated increased Phase I overspend of 20-25% as the company reported slower than expected progress at Bacton gas terminal. EXPENDITURE IOG previously indicated that the gross “outturn” total Phase I capital expenditure was anticipated to exceed the original £305.5 million field development plan (FDP) budget by up to 10%. The company […]
IOG hopes to resume drilling at Southwark
IOG plc said it hoped to resume drilling in four to six weeks following suspension of work caused by seabed conditions at the Southwark well in the Southern North Sea. DATA ANALYSIS The company is working to find solutions to the conditions which caused the Noble Hans Deul rig to suspend operations earlier this month. […]
IOG halts Southwark drilling to relocate rig
IOG plc said it had temporarily relocated the Noble Hans Deul rig, halting the Southwark well drill programme, to allow seabed remediation work. CONDITIONS The development well in Southern North Sea spud in December. IOG today said that the Noble Hans Deul rig had experienced “an increasing challenge with seabed conditions which would compromise rig […]
IOG flow tests Blythe development well
IOG plc said it had drilled, cleaned up and flow tested the Blythe well 48/23a-H1 within two months of spudding. FIRST GAS The Noble Hans Deul jack-up rig drilled the well to a total depth of 10,750ft measured depth (MD) and flow tested to a maximum gas rate of 45.5 mmscf/d through an 80/64th inch choke. […]