Noble rig scoops North Sea deal with IOG

Independent Oil and Gas (IOG) has awarded a rig contract for its Core Project Phase 1 located in the UK North Sea to a Noble Corporation-owned jack-up rig.

IOG is the operator of the joint venture with CalEnergy Resources.

The Core Project comprises 410 BCF of 2P+2C reserves and resources across six discovered UK SNS gas fields.

Phase 1 comprises the development of the Southwark, Blythe, and Elgood fields through a total of five wells, and the recommissioning of the Thames Pipeline and onshore TRF.

The UK company made the final investment decision (FID) on Phase 1 of its Core Project back in October 2019.

In an update on Tuesday, IOG said that the rig contract award follows a competitive selection process by its drilling and contracting teams.