IOG has announced its final audited results for the Year Ended 31 December 2022. Having become the UK s newest gas producer in March 2022, IOG then experienced a number of production issues followed by the very disappointing Southwark A2 well result shortly after year end. FY 2022 results reflect this operational performance amid a very volatile gas market.
Scotland’s draft energy strategy, the 33rd UK offshore oil and gas licensing round, and company drilling and activity plans were the spotlight in the UK North Sea oil and gas industry in the past month.