Project Profile
Estimated value: US$25.6 million
Location: Southern North sea, UK
Reserves: 24 bcf
Block 48/25a is located in Vulcan Satellites development in the Southern North Sea, UK. The licence is owned and operated by Independent Oil and Gas (IOG) company. The license was awarded in the 2016 Supplementary Offshore Oil and Gas Licensing Round by the UK Oil and Gas Authority (OGA). The license includes the western part of the Vulcan North West discovery that extends into 48/25a and also includes the Hogsback, Hobson, and Goacher prospects. The license secures some 24 bcf of 2C resources. The Vulcan Satellites field development is progressing according to plan with all three fields expected to be tied back to the Thames Pipeline which is in the process of being acquired and recommissioned by the company.
Operator:
Independent Oil and Gas (IOG): 100% interest