Pipes at Bacton gas terminal
IOG achieves first gas
UK independent flows SNS molecules to Bacton
AIM-listed producer IOG has hit a significant milestone in its Saturn Banks Southern North Sea (SNS) gas project, with the first of its Phase 1 fields starting deliveries to the Bacton receiving terminal in eastern England. The Blythe field’s debut is expected to be followed by Elgood in the next few days. An initial view on flow rates will be assessed once stable production has been established from both fields, IOG says. It will then analyse reservoir performance data over the first few months to inform an annual production guidance range. The firm has previously targeted an overall flow rate for the first two phases of Saturn Banks at 140mn ft³/d (4mn m³/d), while an Elgood well in July l
Also in this section
5 June 2025
The new government is talking and thinking big, and there are credible reasons to believe it is more than just grandstanding
5 June 2025
Russia has ample spare gas, and Iran needs it, but sanctions and pricing pose steep hurdles.
5 June 2025
EU half measures over storage regulation, geopolitical risks to ending Russian gas, power outage questions and China’s LNG resale leverage make for a challenging path ahead.
3 June 2025
China will play a huge role in driving gas demand, with its Qatar partnership crucial to this growth amid global structural challenges
