IOG plc has signed a gas sales agreement (GSA) with Gazprom Marketing & Trading Ltd (GM&T) for its reserves in the UK Southern North Sea. The deal, which encloses a mutual extension option, followed a competitive off-take process involving more than 10 bidders over recent months. AGREEMENT The GSA relates to IOG’s equity production for […]
Tag: UK Southern North Sea
IOG to support university CCS research
IOG plc said it would be supporting university research into carbon capture and storage (CCS) and other renewable opportunities across its gas assets at Bacton in the Southern North Sea (SNS). The company, which on 27 April changed its name from Independent Oil & Gas, has signed a collaboration agreement with GeoNetZero CDT at Heriot-Watt […]
Deltic advances North Sea gas licences and seeks new investments
Deltic Energy plc remained debt free during 2020 while making technical progress with its gas licences in the Southern and Central North Sea. In its full year results ended 31 December 2020, the company reported net cash outflow from operations and investing activity of £1.8m (2019: £1.8m), and a cash position of £12m (2019: £13.8m) following an increase in […]
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 […]
Deltic-Shell JV to drill Pensacola gas prospect in Southern North Sea
Deltic Energy plc and joint venture (JV) partner and operator Shell UK will start a drill campaign at the Pensacola prospect on licence P2252 in the UK Southern North Sea (SNS). PENSACOLA The partners have confirmed their commitment to the Oil and Gas Authority. Deltic said that the investment move had the potential to transform […]
IOG increases gas estimates at Goddard-Abbeydale
Independent Oil and Gas plc said it had increased resource estimates of its P2438 Goddard and P2442 Abbeydale licences in the UK Southern North Sea. Both licences are held in a joint venture between IOG (50%, operator) and CalEnergy Resources (UK) Ltd (CER) (50%). Interpretation and mapping of 1,200km² of 3D seismic data has […]