UK Indie Welcomes Tight Gas Strategy

UK-listed Independent Oil and Gas (IOG) said June 27 it believes its Southern North Sea gas strategy is well aligned with the upstream regulator Oil and Gas Authority's publication last week of its Tight Gas Strategy for the area.   

IOG chief executive Mark Routh welcomed the regulator's new strategy, adding: “The OGA has provided a timely reminder that there is an estimated 3.8 trillion ft³ of tight gas to be recovered from discoveries, infill opportunities and prospects in the Southern North Sea.”

Routh added that IOG’s 100%-owned fields are in a position to “contribute significantly to future SNS gas production” and said, including its Harvey appraisal asset, “IOG has half a trillion ft³ of conventional and tight gas discoveries in the Southern North Sea.” IOG plans to re-use infrastructure and work innovatively with contractors to sustain activity in the area, he said. The company's SNS gas fields under development include Blythe, Elgood, Vulcan South, Vulcan North West and Vulcan East, and it also holds the Harvey gas asset which is to be appraised.  

It is 100% owner-operator of the UK Skipper licence, south east of the Shetlands.

Mark Smedley