IOG plc said its financial position remained “challenging” with falling gas prices and production while the date nears for €100m bond interest repayments. BLYTHE The company is also in talks “on near-term liquidity and longer-term capital structure solutions” with holders of its senior secured bond as the waiver date of 29 September nears to repay […]
Tag: Phase 1 – Southwark – Blythe – Elgood
Stormy weather delays IOG first gas
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 […]
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 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. […]
Elgood flow test exceeds IOG predictions
IOG plc said it had overcome mechanical issues to record a successful flow test at the Elgood gas development well 48/22c-7 in the UK North Sea. The company took longer than expected before intersecting 1,080 ft high-quality Permian Leman Sandstone reservoir along hole between 14,290 ft measured depth (MD) and 15,370 ft MD, with a […]
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 […]