Independent Oil and Gas (IOG) will reveal its plans to bring back to life the recently decommissioned Thames gas pipeline at two events in the east of England.
IOG has just signed a sale and purchase agreement (SPA) for the “strategically important acquisition” of the southern North Sea (SNS) pipeline to provide it with an export route for its SNS assets.
The Thames pipeline is believed to be the first decommissioned pipeline to be recommissioned, with gas transported via the pipeline to the Bacton gas terminal in Norfolk, where IOG plans to acquire the onshore reception facilities ahead of first gas and upgrade the facilities.
IOG Chief Executive, Mark Routh, and Deputy Chief Executive, Andrew Hockey, will outline its plans at the East of England Energy Group (EEEGR) SNS Rejuvenation Special Interest Group in Norwich on 1 June.
They will also take part in the Oil & Gas Authority (OGA) Hackathon, organised by EEEGR, in association with the Oil and Gas Authority – to focus on solutions to issues of SNS rejuvenation – the day before, 31 May, at Dunston Hall, near Norwich.
A Late Life and Decommissioning SIG on 1 June will complete EEEGR’s trio of events.
IOG – which will own 100% of the pipeline giving it control from field to market – previously acquired most of its SNS gas portfolio at low cost because the assets were considered stranded without a viable export route.
“This acquisition allays those concerns and is therefore of great importance to IOG as we now have a route to market for our gas,” Routh said.
The pipeline will enable IOG to deliver up to half a trillion cubic feet of gas resources to the UK market for 15 - 20 years from the end of next year.
It is open to working with third parties interested in using its export facilities for a tariff.
Simon Gray, EEEGR Chief Executive, said the SNS rejuvenation SIG was the ideal forum for IOG to outline its plans.
“The industry will be interested to hear the IOG’s plans and we are delighted to be able to facilitate this event with the OGA to the benefit of our members and beyond.
“The Thames pipeline is an incredibly significant acquisition that will export gas from IOG’s Blythe and Vulcan satellite hubs once they are in production.”
It will be bought for a “nominal consideration from Perenco UK Limited Tullow Oil SK Limited and Centrica.
EEEGR’s SNS rejuvenation event with Eric Marsden of the OGA and Fraser Weir of Centrica, – the first event since its steering group’s inaugural meeting last December - will focus on presentations and updates on its work streams, including tight gas and small pool reserves, the potential for collaboration with the renewables sector and Anglo-Dutch co-operation.
The agenda for the Late Life and Decommissioning SIG, to take place later on 1 June, will include Centrica’s decommissioning plans from Girish Kabra Director of Capital Projects, Exploration and Production and be led by Julian Manning of Baker Hughes and Stuart Wordsworth of Repsol Sinopec.
At the hackathon, Centrica’s Pioneering Practitioners team will help facilitate a day of ideas and discussion.
Read the article online at: https://www.worldpipelines.com/project-news/18042017/iog-reveal-plans-for-thames-pipeline-recommissioning/