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Independent Oil & Gas Plc gets approval for Phase 1 FDP

1 min read | May 01, 2020 08:33 PM BST | By Team Kalkine Media
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Independent Oil & Gas Plc (LON:IOG) has informed about the Field Development Plan approval.

  • The company has stated that the UK Oil & Gas Authority has approved the Core Project Phase 1 FDP (Field Development Plan).
  • The company has further stated that the in respect of FDP, full contract awards are expected shortly for key Phase 1 workstreams underway since FID.
  • The company also reported that acquisition and testing of two unused refurbished subsea trees and wellheads has been successfully completed.
  • On 1st May 2020, at the time of writing, GMT 09:37 AM, IOG shares were trading at GBX 11.65, down by 0.25 points or 2.10% against the previous day closing price.

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