Independent Oil & Gas PLC (IOG) confirmed first gas from Elgood and Blythe fields in Phase 1 of its Saturn Banks project in the UK Southern North Sea.
Elgood has been developed as a subsea tieback to the Blythe normally unmanned platform, which is controlled from Bacton gas terminal on the North Sea coast of North Norfolk in the United Kingdom.
Flow rates will be assessed once stable production has been established from both fields. The company will analyze reservoir performance data over the initial months of production to form an annual production guidance range.
The first phase of the project entails development of Blythe, Elgood, and Southwark fields. Phase 2 consists of the Goddard, Nailsworth, and Elland fields.
IOG is operator (50%) of Core Project Phase 1 with partner CalEnergy Resources (UK) Ltd. (50%)
