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    IOG reports two-week delay at North Sea gas project

Summary

Back-gassing is expected to start no sooner than the week starting February 28.

by: Joseph Murphy

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IOG reports two-week delay at North Sea gas project

London-listed IOG expects a delay of two weeks or more to the commissioning of the first phase of its Saturn Banks project in the UK south North Sea, due to stormy weather, the company said on February 21.

IOG said terminal operator Perenco, undertaking work at onshore reception facilities for the project, had informed it that stormy weather had hampered construction work and leak testing. This has had a knock-on impact on the commissioning of safety instrumentation systems, it said.

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As a result the plant is now expected to be ready for back-gassing no sooner than the week starting February 28, with first gas anticipated a week after. Previously back-gassing was due to begin in mid-February.

Saturn Banks' first phase will involve the development of the Blythe, Elgood and Southwark fields. IOG and its partners CalEnergy Resources each own 50% shares in the project. A second phase will target gas at the Goddard and Nailsworth and Elland fields.