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IOG Provides Operational Update

13/04/2022

IOG, the Net Zero UK gas and infrastructure operator focused on high return projects, provides a further Phase 1 update. 

Earlier this month, the Company advised that it was pursuing a rapid solution to a mechanical fault on the Blythe topsides, in collaboration with its offshore Duty Holder ODE Asset Management (ODEAM). IOG can now confirm that the issue has been temporarily addressed and the Blythe well therefore re-opened yesterday, alongside ongoing Elgood production. A further permanent modification on the Blythe platform has been designed and will be installed when materials are available.This permanent modification is not anticipated to involve material downtime. 

At Southwark, over last weekend the Noble Hans Deul rig was successfully moved into position alongside the platform, with the legs positioned securely on the newly installed rock pads. Preparations have been underway since then to resume development drilling at Southwark in the course of the next week. 

Andrew Hockey, CEO of IOG, commented: 
"We are pleased to have resolved the Blythe platform issue and restored the Blythe well into production alongside Elgood. We expect to gradually build up the aggregate production levels over the coming days and will continue with our initial production data analysis to inform future guidance. Meanwhile, resuming Southwark drilling in the coming days will be another positive step forward." 

KeyFacts Energy: IOG UK country profile

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