Baker Hughes helping IOG develop North Sea resource base

Independent Oil and Gas PLC is extending its seismic remapping agreement with Baker Hughes’ Reservoir Development Services group.

Offshore staff

HOUSTON – Independent Oil and Gas PLC (IOG) is extending its seismic remapping agreement with Baker Hughes’ Reservoir Development Services (RDS) group.

The UK company aims to improve its understanding of the resource potential of its Blythe and Cronx/Elgood projects in the southern North Sea (SNS), with an expected delivery date of late July.

Mark Routh, IOG’s CEO, said: “We expect that the resource plays beneath theBlythe 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 MMboe.”

Scott Reeves, president of RDS, added: “By understanding the critical reservoir properties we’ll be able to recommend and engineer a development plan to help maximize profitable recovery.”

RDS will also evaluate IOG’s future prospects and discoveries in the SNS including, Truman, Harvey, Hambleton, Tetley, and Rebellion. The companies will look to expand their relationship to other services that Baker Hughes could provide for field planning and development.

IOG previously commissioned RDS to complete a remapping project on 3D seismic data it acquired in 2014. RDS provided a set of maps showing the Rotliegendes, Carboniferous, and Hauptdolomit hydrocarbon-bearing zones in the SNS. This work helped overcome uncertainties relating to commercial volumes in both discoveries.

06/26/2015

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