Scandoil  

Independent Oil & Gas extends seismic remapping agreement with Baker Hughes


Published Jun 29, 2015
Independent Oil and Gas plc

Independent Oil and Gas PLC (IOG) is extending its seismic remapping agreement with Baker Hughes’ Reservoir Development Services (RDS) group to better understand resource potential for its Blythe and Cronx/Elgood projects in the Southern North Sea (SNS), with an expected delivery date of late July 2015.

“We are pleased to strengthen our relationship with RDS as the initial results from the seismic remapping work are positive,” said Mark Routh, IOG’s Chief Executive Officer. “We expect that the resource plays beneath the Blythe and Cronx/Elgood fields are larger than first anticipated, and with additional reservoir understanding we can more than double our proven reserves, which are currently 3.0 MMBOE.”

“We believe that the added field remapping will help to better predict resource potential and accessibility,” said Scott Reeves, President of Reservoir Development Services. “By understanding the critical reservoir properties we’ll be able to recommend and engineer a development plan to help maximize profitable recovery.”

Tags: Baker Hughes Incorporated, Independent Oil and Gas plc




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml