Wednesday 24 November 2021

IOG plc, the Net Zero UK gas and infrastructure operator focused on high return projects, is pleased to provide a corporate and operational update, with a short accompanying presentation (see link below).

Andrew Hockey, CEO of IOG, commented: "The offshore subsea and hook-up scopes for the Blythe and Elgood fields are now complete. We continue to work closely with Bacton terminal operator Perenco and an enlarged workforce to complete the reception facilities recommissioning and deliver First Gas in Q4, albeit this may be challenging.

Meanwhile, we expect the Noble Hans Deul rig to re-mobilise to Southwark in early December once it has been re-certified for safe operation, with Southwark First Gas still on track for Q2 2022.

Phase 1 looks set to capitalise on very strong gas prices whilst also providing timely new low carbon intensity UK domestic gas production. I would like to thank the whole IOG team and all our contractors for their continued dedication and hard work towards delivering a safe and reliable start-up which will be a major milestone for the company."

more