Ref. DEA 26 Jul '19, IOG's GBP 40 MM farmout to CalEnergy Resources of a 50% interest in much of its upstream assets is now completed, IOG retaining operatorship. The deal includes the Thames pipeline and associated Thames reception facilities but excludes the Harvey licences. CalEnergy has a GBP MM carry of IOGâs Phase 1 development costs for its Core Project, of which Phase 1 FID has also been taken (410 BCF of 2P+2C resources across 6 SNS gasfields).
United Kingdom, Thames