Gulf Oil and Gas accountACCOUNT

IOG Wins 2 Blocks in the UK 27th Licensing Round

Source: www.gulfoilandgas.com 12/2/2013, Location: Europe

Independent Oil and Gas plc (“IOG”), the North Sea focussed Oil and Gas Company, is pleased to announce that it has been offered a licence award in the UK 27th licensing round of blocks 48/23c and 48/24b with 100% working interest. The licence area lies approximately 10km to the east of the proposed Blythe development in which IOG has a 50% working interest.

Mark Routh, CEO of IOG said:
We are delighted to be awarded this licence which delivers on IOG’s strategy to build production hubs. Subject to a successful technical review and appraisal, discoveries on this licence could be tied back to Blythe. We will update the market on appraisal plans and progress in due course.

IOG has committed to acquire and reprocess 85 sq kms of existing 3D seismic data. IOG has identified two potential structures in the area in the Rotliegend Sandstone, one of which has confirmed gas shows when drilled by Arco in 1984.

Acquisitions and Divestitures News in United Kingdom >>

Mexico >>  5/16/2019 - Ophir Energy has signed a Sales and Purchase Agreement ('SPA') relating to the sale of its 23.33% interest in Block 5 (Cuenca Salina), offshore Mexico...
Australia >>  5/14/2019 - Vintage Energy has executed a binding Heads of Agreement with Firetail Energy Services for it to become a joint venture partner in the EP126 permit (o...

Mexico >>  5/13/2019 - Equinor has exercised its preferential rights to acquire an additional 22.45% interest in the Caesar Tonga oil field from Shell Offshore Inc for a tot...
Trinidad and Tobago >>  5/13/2019 - Columbus, the oil and gas producer and explorer focused on onshore Trinidad with the ambition to grow in South America, is pleased to announce that it...

Indonesia >>  5/8/2019 - Sonoro Energy has announced that along with its Indonesian partner Menara Global Energi, an affiliate of a substantial Indonesian company, it has been...
Gambia >>  5/1/2019 - African Petroleum notes recent media articles stating that BP has signed an agreement with the Gambian government in relation to Block A1 in The Gambi...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


United Kingdom Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 |

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.