Independent Oil and Gas (IOG) expects to award a contract for a drilling rig for its Core Project positioned within the Southern North Sea (SNS) quickly.
In an replace on Thursday, IOG mentioned that the award of a jack-up rig contract for the five-well Phase 1 improvement drilling marketing campaign is “anticipated within the coming weeks”.
The drilling marketing campaign is because of begin within the first half of 2021.
IOG made the ultimate funding determination (FID) on Phase 1 of its Core Project again in October 2019.
The Core Project includes 410 BCF of 2P+2C reserves and sources throughout six found UK SNS fuel fields.
Phase 1 includes the event of the Southwark, Blythe, and Elgood fields by a complete of 5 wells, and the recommissioning of the Thames Pipeline and onshore TRF.
The Phase 1 FDP was authorised by the OGA on the finish of April 2020, representing a transparent authorities endorsement of the plans.
Furthermore, key contracts have been awarded for the Phase 1 venture’s subsea infrastructure, platform fabrication and set up, and effectively administration.
The first of those contract awards was to Subsea 7, who will deal with the venture administration, engineering, procurement, development and set up of the SURF scope.
For Phase 1 effectively administration providers, a aggressive tendering course of led to the signing of a contract in early June with Petrofac.
With Petrofac’s help, IOG has been progressing additional tendering processes for the jack-up drilling rig and quite a few different offshore drilling providers and tangibles for the five-well Phase 1 improvement drilling marketing campaign.
Detailed effectively planning, design, and related regulatory processes are additionally making good progress.
IOG additionally acquired two unused subsea bushes and wellheads which have undergone in depth testing. One of those is meant to be used on the Elgood discipline with the opposite reserved for a future subsea tie-back improvement.
In addition, IOG in early August awarded the EPCI platform contract to Dutch contractor HSM, protecting the design, engineering, procurement, development and set up of the Southwark and Blythe usually unmanned set up platforms.
IOG mentioned that HSM is making regular progress with procurement and fabrication actions regardless of the challenges of Covid-19 restrictions.
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