Press

Independent Oil and Gas announces extension of Blythe licence

Posted by Katie Woodward - OilVoice

08-Dec-2016


Independent Oil and Gas plc, the development and production focused Oil and Gas Company, is pleased to announce that following discussions with the UK Oil & Gas Authority, the licence for Blocks 48/22b and 48/23a in the Southern North Sea containing the Blythe gas discovery (P1736) has been formally extended until 31 December 2017.

IOG owns 100% of the licence and is the operator.  Blythe needs no further appraisal and has independently verified gross 2P reserves of 34.3 BCF (6.1 MMBoe).

Mark Routh, CEO of IOG commented:

"Blythe is at the centre of our first gas hub so this licence extension is welcomed and is absolutely essential.  We are on track to submit a draft Field Development Plan for Blythe before the end of the year.  We will provide further updates on our other SNS licences in due course."



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Independent Oil and GasBlytheNorth SeaUnited Kingdom

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