News Oil & Gas

IOG revises guidance following Saturn Banks issues

IOG plc has revised production guidance following drilling fluid losses, production constraints and a planned suspension of operations at its Saturn Banks project in the Southern North Sea. GUIDANCE Phase I of the project entails the development of the Blythe, Elgood and Southwark fields. IOG has revised the expected average gross production rate over H2 […]

News Oil & Gas

IOG lowers H2 production guidance

IOG plc has lowered its production guidance due to planned and unplanned downtime scenarios and possible variation in Southwark first gas timing at its off-onshore Saturn Banks project in the UK Southern North Sea. PRODUCTION In the operator’s interim results for the first half of 2022, chief executive Andrew Hockey said that production over H2 […]

Equipment & Logistics News Oil & Gas

IOG shuts in Blythe-Elgood over drainage concerns

IOG plc said that production at Blythe and Elgood has been shut in over safety concerns in the drainage system at Bacton gas terminal’s condensate stabilisation unit (CSU). SBRF The company added that over the past month, Blythe and Elgood hydrocarbon liquids (condensate) flowing into the Saturn Banks reception facilities (SBRF) slugcatcher had fluctuated considerably, […]

News Oil & Gas

IOG needs further studies at shut-in Blythe well

IOG plc said it needed to conduct further processes and safety studies before reopening the shut-in Blythe well at its Saturn Banks project in the Southern North Sea. WORKSTREAMS The company and its offshore duty holder ODE Asset Management (ODEAM) are investigating the chemical injection fault on the Blythe platform which led to the Blythe […]

News Oil & Gas

IOG signs new gas off-take deal with BP

IOG plc said it had signed a new gas sales agreement covering the Saturn Banks Phase I fields including Blythe, Elgood and Southwark in the Southern North Sea. PHASE II The deal also includes the Nailsworth and Elland fields which are part of Phase II, on a long-term basis with break clauses after September 2023. […]