Independent Oil and Gas (IOG) has pushed back the date for the planned Blythe gas plant launch following delays in the surveying stage of the development.
The project, operated by IOG’s partner Alpha Petroleum, has suffered from restricted availability of surveying vessels, with test results from the site now expected in the third quarter of this year.
The delay means that the company will only deliver the field development plan (FDP) to the Department of Energy & Climate Change in the final quarter.
IOG is looking to establish a gas hub in the North Sea at the site, after the acquisition of the Cronx gas prospect back in March.
Under an agreement signed in February, the company agreed to sell its 50% share of the gas produced from the field to BP Has Marketing.
Elsewhere, IOG was also affected by the lack of drilling rigs for its Skipper project, with the appraisal well now scheduled for second half of 2015.
Once drilled, the well will target two exploration prospects directly beneath the Skipper discovery, at a net best estimate contingent resource attributable to IOG’s 50% share of 13.1 million barrels.
“We are excited by the significant milestones ahead for the company including submission of the Blythe FDP, securing a rig for the Skipper appraisal well, becoming an approved operator and completing the Cronx acquisition along with potential transformational licence awards in the 28th Round and the potential acquisition of producing assets,” said Mark Ruth, IOG chief executive.
“The strategy adopted by the company is a proven one and we remain committed to building a significant development and production business focused on the UKCS.”
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