Difference between revisions of "IGas Energy"
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| − | '''Igas Energy''' Ltd is the largest independent oil and gas explorer and developer in Britain, with licences for shale gas exploration. It produces approximately 3,000 barrels of oil and gas a day from over | + | '''Igas Energy''' Ltd is the largest independent oil and gas explorer and developer in Britain, with licences for shale gas exploration. It produces approximately 3,000 barrels of oil and gas a day from over 110 sites across the country. |
In the year to 31 March 2013, IGas produced over 901,000 barrels and achieved £68.3 million in revenue. <ref> IGas Energy PLC, Annual report and accounts 2012/13 </ref> | In the year to 31 March 2013, IGas produced over 901,000 barrels and achieved £68.3 million in revenue. <ref> IGas Energy PLC, Annual report and accounts 2012/13 </ref> | ||
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| + | In May 2014 IGas negotiated a deal to buy rival [[Dart Energy]] which holds licences to produce gas from coal seams in Scotland. The deal worth £120 million, will make IGas the UK's biggest shale gas explorer. | ||
==Production== | ==Production== | ||
Revision as of 05:35, 14 May 2014
Igas Energy Ltd is the largest independent oil and gas explorer and developer in Britain, with licences for shale gas exploration. It produces approximately 3,000 barrels of oil and gas a day from over 110 sites across the country.
In the year to 31 March 2013, IGas produced over 901,000 barrels and achieved £68.3 million in revenue. [1]
In May 2014 IGas negotiated a deal to buy rival Dart Energy which holds licences to produce gas from coal seams in Scotland. The deal worth £120 million, will make IGas the UK's biggest shale gas explorer.
Contents
Production
Primary production areas are in the East Midlands (Welton and Gainsborough), Cheshire, Flintshire and Staffordshire, as well as in the Weald Basin in southern England.
Coal Bed Methane (CBM) pilot
According to the IGas website:
- The Doe Green pilot Coal Bed Methane (“CBM”) site continues to produce gas and generate electricity. All three production wells, each of which is testing a separate seam, demonstrate that gas is flowing from the seams. [2]
Licences
IGas has a petroleum exploration and development licence (PEDL) for the Gainsborough area, but has yet to drill any wells or apply for permission to start fracking in the East Midlands.
Affiliations
- Associate Parliamentary Group for Energy Studies
- All-Party Parliamentary Group on Unconventional Oil and Gas[3]
People
- Andrew Austin - CEO. A founder of IGas, has been an Executive Director since 2004 and the Chief Executive Officer for the last 5 years with full time responsibility for the day to day operations and business development. [4] Holds a 5.3% shareholding in IGas.
- Stephen Bowler Chief Financial Officer. Steve started his career at Touche Ross, now Deloitte, where he qualified as a chartered accountant. [4]
- John Blaymires Chief Operating Officer. John has 29 years of international experience in the oil and gas industry gained Hess Corporation and Shell International. [4]
Board
- Francis Gugen - Non-Executive Chairman. Francis is a founder and Non Executive Chairman and has over 30-years of oil and gas industry experience. [4] Holds a 13.4% shareholding in IGas
- Robin Pinchbeck - appointed non-executive director July 2012. Pinchbeck began his career at BP where he held various management roles over two decades. He was CEO of operations services and then group director of strategy at Petrofac. [5]
- John Bryant - Senior Independent Non-Executive Director. John is the Chairman of AIM listed Weatherley International plc, and a board member of AIM listed China Africa Resources Plc. [4]
- Cuth McDowell - non-executive director and chair of the Audit Committee appointed December 2012. Has 33 years of international experience in the oil and gas sector, having held a range of leadership positions in Exploration and Production. [4]
Company directors
- John Blaymires, director, 19 Oct 2010-
- Andrew Austin, director, 27 Dec 2007-
- John Bryant, director, 5 May 2004-
- FRANCIS ROBERT GUGEN, director, 27 Dec 2007-
- STEPHEN DAVID BOWLER, director, 1 Nov 2011-
- ROBIN HUNTER PINCHBECK, director, 11 Jul 2012-
inactive JOHN GREER BUTLER, secretary, 14 Jan
Lobbying firms
Contact
- Website: http://www.igasplc.com/
Resources
- Gas chief Andrew Austin: Fracking in East Midlands could provide 'big prize', BBC News, 7 April 2014, acc 16 April 2014 </ref>
Notes
- ↑ IGas Energy PLC, Annual report and accounts 2012/13
- ↑ Production, Igas, acc 16 April 2014
- ↑ Register of All-Party Groups (As at 7 June 2013), parliament.co.uk
- ↑ 4.0 4.1 4.2 4.3 4.4 4.5 About Us, IGas website, undated, acc 16 April 2014
- ↑ Giles Gwinnett, IGas Energy welcomes Robin Pinchbeck as director, July 11 2012
