IOG Welcomes OGA North Sea Tight Gas Plan
Independent Oil and Gas plc has welcomed the Oil and Gas Authority’s publication of the Southern North Sea Tight Gas Strategy.
IOG believes its SNS gas strategy is “very well aligned” with the OGA’s plans to stimulate activity in the basin, with the company’s CEO Mark Routh stating that the firm’s 100 percent owned fields should contribute significantly to future SNS gas production.
“The OGA has provided a timely reminder that there is an estimated 3.8 trillion cubic feet of tight gas to be recovered from discoveries, infill opportunities and prospects in the Southern North Sea,” Routh said in a company statement.
“IOG is planning to re-use infrastructure and work innovatively with contractors, the supply chain and the OGA to produce this gas efficiently and sustain activity in the area,” he added.
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