25 April 2024
IOG hungry for mature UK offshore assets to replicate low cost SNS gas hub model
Publication date: 30 October 2017
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UK North Sea-focused Independent Oil & Gas (IOG) is looking to duplicate its low-cost South North Sea hub project by acquiring further fallow discoveries in other areas of the maturing basin, according to two company executives.
IOG is looking to snap up further acreage in the forthcoming 30th licensing round with a firm focus on easy-to-monetise gas pockets and become a fully-fledged North Sea gas producer, CEO Mark Routh and deputy CEO Andrew Hockey said in an interview with Gas Matters Today.
“We are a small company, putting together ...