IOG PLC - London-based gas and infrastructure operator with projects in the North Sea - Says production at Blythe and Elgood is stabilising, with 55 million to 66 million standard cubic feet per day of gas, and 800 to 1,000 barrels of oil condensate per day. Uptime rates are steadily improving, it adds.
Drilling progress continues at Southwark, as preparations are made for two follow-on appraisal wells at Goddard and Kelham North/Central. Geophysical site surveys for the wells were completed in March, and geotechnical survey will follow later this quarter, for execution in the final quarter of the year, IOG says.
Current stock price: 32.67 pence, down 3.9% on Tuesday
12-month change: up 45%
By Elizabeth Winter; elizabethwinter@alliancenews.com
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