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 The company, which holds cash of £31.9 million with £6.8m restricted, outlined potential development of at least five contiguous licences in the Vulcan and Jupiter areas. These include the Southwark, […]
Tag: Saturn Banks – Blythe – Elgood – Southwark fields
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 […]
IOG delayed by gas-oil influx in Blythe H2
IOG plc encountered “abnormally pressured gas and oil influx” while drilling the Blythe H2 development well at the Saturn Banks project in the southern North Sea. H2 WELL The H2 well is being drilled by the Shelf Perseverance jack-up drilling rig under IOG’s contract with Shelf Drilling (UK) Ltd. Petrofac is the well operator. IDENTIFIED […]
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 […]
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 […]
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, […]