IOG
IOG operates a portfolio of offshore gas fields in the Southern North Sea and co-owns the Saturn Banks Pipeline and Reception Facilities.
Operations in the Southern North Sea
IOG operates a portfolio of offshore gas fields located in the Southern North Sea. The company's extensive portfolio includes several key assets and projects, ensuring a robust presence in the region. The Southern North Sea interests include the Blythe, Elgood, Southwark, Nailsworth, and Goddard licenses. These assets represent a strategic presence for IOG in the North Sea gas market.
Saturn Banks Pipeline
The Saturn Banks Pipeline, co-owned and operated by IOG, is a 24-inch, concrete-coated pipeline running 90 km from the decommissioned Thames platform to the Bacton Gas Terminal. Acquired by IOG in April 2018, the company initiated a comprehensive recommissioning program in May 2018 to revitalize the pipeline for future use. This infrastructure is integral to connecting IOG's gas field operations to onshore processing facilities.
Saturn Banks Reception Facilities
IOG co-owns and operates the Saturn Banks Reception Facilities. These facilities were acquired in October 2019 and play a crucial role in receiving and processing gas from offshore fields. The reception facilities are designed to support the overall infrastructure of IOG's gas operations, ensuring efficient transfer and processing of gas from the Saturn Banks Pipeline to onshore markets.
Partnership with CalEnergy Resources (UK) Limited
IOG has partnered with CalEnergy Resources (UK) Limited on several significant projects in the Southern North Sea. This partnership boosts the technical and operational expertise engaged in IOG's various projects and licenses, including those at Blythe, Elgood, Southwark, Nailsworth, and Goddard. Collaborative ventures with CalEnergy Resources facilitate shared resources and risk management between the two companies.
Commitments and Future Developments
IOG is committed to expanding its operations and extracting value from its assets in the Southern North Sea. Among its future development plans is the commitment to drill an appraisal well on the Goddard structure. Additionally, the P2442 and P2589 licenses are being assessed for their potential to support a valuable multi-field gas hub, signifying IOG's ongoing efforts to broaden its operational impact and resource extraction capabilities in the North Sea.