IOG Submits Blythe FDP to OGA

Independent Oil and Gas plc has submitted the Blythe Field Development Plan, in draft format, to the Oil and Gas Authority.

Submission of the draft FDP is a key milestone for the company as it gears up its capabilities for the field development, according to IOG. Reaching this milestone by the end of 2016 was also a requirement of the recent license extension.

“We are pleased to deliver on our commitment to submit the draft Blythe FDP by year-end. Blythe is at the heart of our first gas hub and is therefore of great strategic value to us,” Mark Routh, CEO of IOG, said.

“We continue to work hard to maximize the gas that can be commercially developed from our core Southern North Sea area, including the Blythe and Vulcan Satellites hubs. We are working with some well-established parties on the financing of these hubs and are pleased with progress to date,” he added.

The Blythe gas field, which is 100 percent owned and operated by IOG, is located in the Southern North Sea close to existing infrastructure and other IOG-owned licenses. It contains independently verified 2P reserves of 34.3 billion cubic feet (6.1 million barrels of oil equivalent). First gas is expected in the second half of 2018, subject to completion of the development funding.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Shell to Sell Gabon Onshore Assets for... (Mar 24)
 -  Industry Pros Gather for Offshore Achi... (Mar 24)
 -  Statoil Makes North Sea Oil, Gas Disco... (Mar 24)
 -  Report: Hiring Managers See Salaries S... (Mar 23)
 -  Repsol Chooses Atlas for Onshore, Offs... (Mar 23)


Most Popular Articles

From the Career Center
Jobs that may interest you
Mechanical Integrity Analyst - Rockies Mechanical Integrity
Expertise: Production Operator
Location: Platteville, CO
 
Sr Workforce Specialist - Global LNG
Expertise: Production Operator
Location: The Woodlands, TX
 
Account Manger - Levelland/Lubbock, TX Area
Expertise: Customer Service|Production Operator|Well Servicing & Testing
Location: Levelland, TX
 
search for more jobs

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours