Independent Oil and Gas (IOG) has submitted a field development plan (FDP) to the UK-based Oil and Gas Authority (OGA) for the Blythe Hub.
The Blythe Hub that comprises of the Blythe and Elgood gas fields which are completely owned and operated by OGA.
The two fields are located in UK Southern North Sea near to its existing infrastructure and other licences owned by the company.
In December last year, the company submitted a draft FDP for only the Blythe field.
While Blythe consists of independently verified 2P reserves of 34.3 bn cubic feet (BCF) or 6.1 million barrels of oil equivalent, (MMBoe), Elgood comprises 22 BCF of 2C resources or 4.3 MMBoe.
IOG said that no further appraisal is required for the Blythe and Elgood fields and resources in the Elgood field will be upgraded to 2P on the approval of FDP.
IOG CEO and interim chairman Mark Routh said: “This is a major step forward from the single-field draft submission in December 2016.The Blythe Hub is of great strategic value to IOG alongside the larger Vulcan Satellites Hub."
First gas from the Blythe Hub is expected to be supplied through the recommissioned Thames pipeline, which was recently acquired by IOG.
Thames Pipeline, which is located in the Southern North Sea, was bought by IOG from Perenco UK, Tullow Oil and Centrica.
The company also owns the Harvey discovery that lies between the Blythe and the Vulcan satellite hubs.
IOG has mentioned that a report called competent persons report (CPR) working on the Blythe Hub will soon update upon the independently verified estimates of the reserves and resources.