IGas drills third well near Warrington
DOMESTIC gas producer IGas Energy is to construct its third well at Doe Green, near Warrington.
IGas Energy has also signed a second drilling contract with BDF, which it says is the UK’s largest onshore drilling contractor.
The Doe Green has been steadily producing gas and generating electricity for over two years from a pilot well.
Chief executive Andrew Austin said: “This is the first of a multi-well programme over the next nine months and marks the start of a step change in activity for IGas Energy.
“We have had excellent results from our pilot site at Doe Green and look forward to drilling beginning soon at DG-3. We are working with BDF again, a rig and crew that we have worked successfully within the past and know well.”
Last year the London-based company won planning permission for a full production site at Ellesmere Port which is expected to produce between 4 and 10 million standard cubic feet of gas a day.
In its full year results in May it said work had started at Ince Marshes and Ellesmere Port and it was preparing a site at Barton, Salford.
One of the firm’s largest investors is Leeds lawyer Peter Levine who holds 12%. Mr Levine set up Russia-focused Imperial Energy which was sold in 2008 to Indian state-run Oil and Natural Gas Company Videsh (OVL) in a deal which valued it at £1.4bn.
