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.
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