Noble rig scoops North Sea deal with IOG
Independent Oil and Gas (IOG) has awarded a rig contract for its Core Project Phase 1 located in the UK North Sea to a Noble Corporation-owned jack-up rig.
IOG is the operator of the joint venture with CalEnergy Resources.
The Core Project comprises 410 BCF of 2P+2C reserves and resources across six discovered UK SNS gas fields.
Phase 1 comprises the development of the Southwark, Blythe, and Elgood fields through a total of five wells, and the recommissioning of the Thames Pipeline and onshore TRF.
The UK company made the final investment decision (FID) on Phase 1 of its Core Project back in October 2019.
In an update on Tuesday, IOG said that the rig contract award follows a competitive selection process by its drilling and contracting teams.
Published: 03-11-2020