Currently the rig is drilling a well for another operator in the central UK sector.
IOG and the Harvey well operator, Fraser Well Management, are finalizing procurement, regulatory, and other preparatory processes ahead of the rig’s arrival.
The field is in blocks 48/23c, 48/24a, and 48/24b, close to the IOG-owned 550-MMcf/d capacity Thames Pipeline.
The main aims of the appraisal will be to confirm gas volumes, and to demonstrate reservoir deliverability.
At the same time, the company continues with the farm-out process for its Core Project in this region, comprising 410 bcf of reserves and resources across six discovered Southern North Sea gas fields.
Partnering would assist development funding and help further a final investment decision on Phase 1 of the project.
In addition, IOG is in talks to acquire the Thames Reception Facilities at the Bacton Gas Terminal on the Norfolk coast in eastern England from its joint owners, the Thames Partners.
Certain legal complexities have come to light related to land title that have required co-ordinated input from various.
07/02/2019 Wood Mackenzie PetroView/IOG