IOG set for full ownership of Skipper in North Sea

Offshore staff

LONDONIndependent Oil and Gas has agreed to acquire the 50% of license P1609 containing the Skipper discovery from Alpha Petroleum Resources.

On completion, subject to confirmation of funding and regulatory approvals, IOG will become operator with a 100% interest in the license. 

An initial work program has been proposed for drilling of a commitment well in mid-2016. This is subject to an extension of the license, which currently expires on Sept. 30.

IOG is in discussions with an unnamed party relating to a rig contract for the initial well and likely subsequent development wells on Skipper.

It has signed a letter of intent to secure funding which will hopefully be in place by mid-August.

06/04/2015

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...