Orcadian Energy plc has secured an extension to 5 July to repay its $1.43 million loan to Shell International Trading and Shipping Company Ltd. The amount owed will be settled from payment due under a proposed farm-in or joint venture on Orcadian’s offered southern North Sea licence. On repayment of the debt, the company will […]
Tag: Southern North Sea (SNS)
IOG expects first gas-revenues in ‘breakthrough’ 2021
Independent Oil and Gas plc (IOG) said it expected 2021 to be another breakthrough year with first production and revenue in the UK Southern North Sea. The company, which operates an infrastructure-led hub strategy, added that Phase 1 remained on schedule for first gas during the third quarter of 2021. The Blythe and Elgood offshore […]