Independent Oil and Gas (IOG) is extending its seismic remapping agreement with Baker Hughes’ Reservoir Development Services (RDS) group to better understand resource potential for its Blythe and Cronx/Elgood projects in the southern North Sea (SNS), a news release said. The expected delivery date is late July 2015.
“We expect that the resource plays beneath the Blythe and Cronx/Elgood fields are larger than first anticipated, and with additional reservoir understanding we can more than double our proven reserves, which are currently 3.0 MMboe,” IOG CEO Mark Routh said.
RDS will also evaluate IOG’s future prospects and discoveries in the SNS including, Truman, Harvey, Hambleton, Tetley and Rebellion. The companies intend to expand the relationship beyond the evaluation phase to other services that Baker Hughes could provide for field planning and development, according to the release.
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