Independent Oil & Gas Plc
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About
IOG owns and operates a 50% stake in substantial low risk, high value gas reserves in the U.K. Southern North Sea. The company's core project targets a gross 2P peak production rate of 140 MMcfe/d (c. 24,000 boe/d) from gross 2P gas reserves of 302 Bcfe and 2C gas contingent resources of 108 Bcfe, via an efficient hub strategy. In addition to the independently verified 2P reserves at Blythe, Elgood, Southwark, Nailsworth and Elland and 2C contingent resources at Goddard, IOG also has independently verified best estimate gross unrisked prospective gas resources of 73 Bcfe at Goddard. Alongside this IOG has management estimated mid-case recoverable gas volumes of 40 Bcfe and 100 Bcfe at the Harvey and Redwell licenses and continues to pursue value accretive acquisitions to generate significant shareholder returns.
Editor's note: Updated April 17, 2020.
News
Subsea 7 Bags IOG North Sea Deal
Subsea 7 SA has been awarded a sizeable contract on May 7 by Independent Oil and Gas (IOG) for the Blythe and Vulcan Satellites field development, located in the U.K. sector of the southern North Sea.
Best of This Week’s Drilling Activity Highlights (April 17, 2020)
Middle Bakken and Upper Three Forks producers completed by Continental Resources plus results from a Haynesville Shale discovery in Louisiana’s Bossier Parish top this week’s drilling activity highlights from around the world.
IOG Targets September FID For North Sea Core Project
The Core project includes the Vulcan Satellites Hub, which comprises the Southwark, Nailsworth and Elland gas fields; Blythe Hub, which comprises the Blythe and Elgood gas fields; and Goddard Field.