Independent Oil & Gas Seeks To Boost UK Southern North Sea

Published at 06:59AM - 15/05/15

Independent Oil and Gas, the North Sea development and production company, is to remap three areas of the Southern North Sea (SNS) in an effort that it believes could more than double the reserves in some parts of its portfolio.

The company has enlisted Baker Hughes to reprocess 3D seismic data for a core SNS area, which includes the Elgood, Cronx and Blythe discoveries, and for the Skipper licence area. It also proposes remapping a prospective SNS area, covering the Truman, Harvey and Hambleton discoveries. IOG purchased the 3D seismic data last year as part of its application to the UKCS 28th Licensing Round.

IOG hopes the results will provide consistency across Elgood, Cronx and Blythe and remove uncertainties it has about Elgood and Cronx. Its current estimate of proved and probable (2P) reserves is 3 million barrels of oil equivalent; Chief Executive, Mark Routh, believes the remapping exercise could double this figure.

The company hopes the remapping will also provide evidence of oil and of a gas-bearing Carboniferous formation in the Blythe area.

For Skipper, IOG hopes to gain information it can use when designing an appraisal well with which it aims to obtain oil and core samples.

The prospective SNS area remapping will be used to assess the commerciality of the Harvey and Hambleton discoveries and to define the Truman prospect in more detail.

IOG, which combines the assets of MOST Inc. and Ebor Energy Inc., was established in 2011 and shares ownership of the Skipper and Blythe licences 50/50 with the fields’ operator, Alpha Petroleum.