IOG breathes new life into SNS
Gas-focused producer sees growth opportunities in unloved discoveries
There is many a good tune played on an old fiddle, as the proverb goes. Prospective UK gas producer IOG would certainly agree. Not only is the firm focusing on the Southern North Sea (SNS) gas basin, the UK’s most mature hydrocarbons province, but the firm’s USP is its Thames pipeline—infrastructure decommissioned in 2015 that it plans to refurbish and return to service. IOG CEO Andrew Hockey and head of corporate finance James Chance sat down with Petroleum Economist to discuss an eventful last 12 months, investor appetite for gas assets and the future of the UK North Sea in general and the SNS in particular. 2019 was quite the year for IOG, was it not? Hockey: We started 2019 as a bunch
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