Located close to existing infrastructure and other IOG-owned licenses, the IOG-owned Blythe gas field comprises independently verified 2P reserves of 34.3 billion cubic feet (BCF) and requires no further appraisal, the company said.
The field is also estimated to hold approximately 10.5 Bbls/MMcf of gas reserves.
Subject to completion of the development funding, the field is expected to commence gas production in the second half of 2018.
IOG CEO Mark Routh said: “Blythe is at the heart of our first gas hub and is therefore of great strategic value to us.
“We continue to work hard to maximize the gas that can be commercially developed from our core Southern North Sea area, including the Blythe and Vulcan Satellites hubs.”
The planned gas hub around Blythe comprises the nearby Elgood discovery as a tie-back to the same infrastructure.
In addition to Blythe and Elgood, the Blythe hub licenses comprise Hambleton, Truman and Harvey.
IOG said it is negotiating to secure the main export route for all of its SNS fields, including the 100%-owned and operated Vulcan Satellite fields.
The Vulcan Satellites consist of three fields, Vulcan East, Vulcan North West and Vulcan South.
The three fields are estimated to hold independently 2C resources of 77.4 BCF, 131.3 BCF and 112.0 BCF respectively.
