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There's still life in the North Sea says IOG's chief after Blythe deal

Mark Routh, chief executive at Independent Oil & Gas (LON:IOG), tells Proactive Investors the decision to buy the 50% stake it did not own in the Blythe project in the North Sea reflect the company's belief that gas prices will pick up in the long-term.

IOG targets "first gas" towards the end of 2017 and has plans to build a "hub" around Blythe with several fields tying into it.

Routh says the company is looking at a number of acquisitions in the area as the "North Sea is not dead".

 
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January 04 2019

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