2022 was a difficult year for IOG, which failed to capitalise on the exceptional gas price environment following the start-up of its new fields. Facility and drilling problems hindered initial production, but ultimately the Saturn Banks Phase 1 fields – Blythe, Elgood and Southwark – have failed to live up to expectations. Production has disappointed and the success of a second well on Blythe is critical to the outlook. This well spudded in early March and is expected to take three months to com ....
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IOG - FY22 results
- Published:
16 Mar 2023 -
Author:
Jonathan Wright -
Pages:
9
2022 was a difficult year for IOG, which failed to capitalise on the exceptional gas price environment following the start-up of its new fields. Facility and drilling problems hindered initial production, but ultimately the Saturn Banks Phase 1 fields – Blythe, Elgood and Southwark – have failed to live up to expectations. Production has disappointed and the success of a second well on Blythe is critical to the outlook. This well spudded in early March and is expected to take three months to com ....