UK's IOG Sees Gas Signs At Harvey Well

UK-based Independent Oil & Gas (IOG) has reported early signs of a gas pay at its Harvey prospect in the southern North Sea.

The company has drilled a well measuring 7,537-ft vertical depth at licence P2085, it said in a September 11 London stock exchange filing. The probe tapped into a Permian Leman sandstone reservoir at a depth of 7,086 ft.

“Initial analysis of the wireline data demonstrates the presence of a 49-ft gas column at the top of the reservoir,” IOG said.

IOG will analyse wireline and core data to revise its assessment of the site's gas resources. This in turn will help in evaluating options for Harvey’s development.

Harvey is situated in the centre of IOG’s southern North Sea assets, close to the Thames export pipeline. Its prospective resources are currently assessed at 85-199bn ft³.

Under a farm-in deal announced in July, Berkshire Hathaway Energy’s CalEnergy Resources has an option to acquire half of the Harvey project within three months of the well’s completion.