RE: FINAL DOCUMENT9 Apr 2019 13:18
Morning rxdav, firstly, thank you for the effort you have put ito this. I do have some niggling questions possibly caused by my own confusion.
My understanding that FDP for the licenses of those involved in phase1 was complete, approved, done and dusted! And that funding and FID were re-targeted to complete by end 1H2019.
However, upon re-reading ops update on 5th april, it appears fdp is not complete and possibly yet to be approved as well as fid appears to have been pushed back to sept 2019.....
The Phase 1 Field Development Plan comprising Blythe, Elgood and Southwark was submitted to the OGA in August 2018 and following bilateral meetings was resubmitted in late October 2018 taking account of OGA comments. At year end, FID and subsequent EIA and FDP approval was expected to occur in late Q1 2019
Blythe
In December 2018 the initial Term of Licence P1736 containing Blythe was extended to 31 December 2019 subject to the condition that an FDP capable of approval would be received by the OGA by 30 June 2019 and FID would occur by 30 September 2019
Elgood
In January 2019 IOG received notification from the OGA that the drill or drop commitment for the initial Term of Elgood Licence P2260 had been waived and the Licence could proceed into the Second Term, subject to the condition that an FDP capable of approval would be received by the OGA by 30 June 2019 and FID would occur by 30 September 2019
So some clarity is needed on these, also have we actually purchased reception facilities at bacton yes or no.
Im sure someone will put me straight. Atb