Independent Oil &Gas - Award of Phase 1 SURF Contract to Subsea 7
Award of Phase 1 SURF Contract to Subsea 7
Phase 1 comprises the development and production of the Southwark, Blythe and Elgood fields through a total of five wells with gas transported onshore via the Thames Pipeline. The SURF contract incorporates project management, engineering, procurement, construction and installation activities for the subsea elements of Phase 1. These include a 6km 24-inch extension to the Thames Pipeline to the Southwark platform, a 25km 12-inch line connecting the Blythe platform to the Thames Pipeline, and a 9km 6-inch pipeline and an umbilical connecting the Elgood field to the Blythe platform, and associated subsea structures and tie-ins. A Phase 1 subsea development schematic can be viewed on IOG's website at www.iog.co.uk/assets/core-project-phase-1/.
Extensive progress has already been made with Subsea 7 prior to final contract award under a letter of limited commitment to ensure that all workstreams have commenced and continued on schedule since FID in
"We are pleased to be working with Subsea 7, a globally recognised leader in offshore energy services, for the SURF scope of Phase 1 of our core
"We are pleased to be awarded this contract, which strengthens our reputation as a global provider of value-driven SURF solutions. We look forward to collaborating with IOG to ensure the cost-effective, safe and timely execution of each phase of the development."
Certain information communicated in this announcement was, prior to its publication, inside information for the purposes of Article 7 of Regulation 596/2014.
+44 (0) 20 7036 1400
+44 (0) 20 7220 0500
+44 (0) 20 7418 8900
+44 (0) 20 7390 0230
IOG owns and operates a 50% stake in substantial low risk, high value gas reserves in the
1ERC Equipoise Competent Persons Report:
2ERC Equipoise Competent Persons Report:
This information is provided by RNS, the news service of the
Quick facts: Independent Oil & Gas PLC
Market Cap: £54.62 m
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...FOR OUR FULL DISCLAIMER CLICK HERE