Independent Oil and Gas (IOG) said today that the licence for its Blythe discovery in the North Sea had been extended by a year.
The licence will now run until the end of 2018.
Blythe is thought to contain 33billion cubic feet of gas and forms part of IOG’s wider development plans in the southern North Sea.
IOG initially submitted a field development plan for Blythe in December 2016.
It was re-submitted in July 2017 as part of a joint development plan with IOG’s nearby Elgood discovery.
First gas is expected from Blythe mid-2019.
In line with its extension agreement with the Oil and Gas Authority, IOG must submit of a final field development plan for Blythe by August 31.
IOG chief executive Mark Routh said: “Blythe is an important part of our combined Southern North Sea dual hub development and is anticipated to provide first gas from the whole portfolio.
“The licence extension is welcomed and allows us to continue the significant planning and development work that is continuing within the Company.
“We have confidence in reaching the agreed milestones.”
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