Plans for the Saltfleetby gas field in Lincolnshire have got the go-ahead from the Oil & Gas Authority, the operator Angus Energy reported yesterday (9/6/2021).
Angus also announced it was involved in a dispute with a financial service provider.
Field development plan
The company said it had received approval from the OGA for its field development plan. This includes proposals to recommission the field and drill a sidetrack well.
Saltfleetby last produced gas in 2017. The site has been mothballed since the closure of the Theddlethorpe Gas Terminal. Since then, there has been no direct export route for the site’s gas.
Angus plans to install processing facilities and a pipeline to the national gas transmission system.
On approval, managing director, George Lucan, said:
“This is excellent news and an important milestone in the Company’s regulatory timetable for the recommissioning of Saltfleetby. We will proceed to tender for rigs and associated equipment over the coming fortnight.”
A company statement to investors also said Angus was in dispute over what it called a “significant invoice from a financial service provider”. It said this was not the company’s broker or nominated advisor (Nomad).
Angus said it had sent a letter before action. The net claim was “unlikely to be material”, it said.