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07 Aug 2019 | 14:10

Independent Oil and Gas says drilling has kicked off on North Sea gas well

Independent Oil and Gas said drilling had commenced on an appraisal well located in the southern North Sea.

The Maersk Resilient rig spudded the Harvey appraisal well on Tuesday evening.

Completion of the well was still expected to take around two months in the success case.

Its primary objective was to confirm gas volumes estimated by company management at 85bn, 129bn and 199bn cubic feet of gas in the low, best and high case, respectively.

The well had a 63% geological chance of success and was also intended to demonstrate reservoir deliverability.

At 2:10pm: (LON:IOG) Independent Oil Gas PLC share price was 0p at 19p

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