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
15 May 2025
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
14 May 2025
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
13 May 2025
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market
12 May 2025
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
