With the market as tight as it is for gas supply, could a British company pumping British gas into British gas pipes be a good opportunity to secure returns for investors?
IGTV’s Jeremy Naylor caught up with George Lucan, chief executive of Angus Energy, to discuss how the Saltfleetby project is going in Lincolnshire. Lucan says gas should flow by the end of the month: first with a nitrogen primer then pulling through a full gas supply.
The company is in the closing furlong and updated the markets today on the progress of its commissioning schedule at Saltfleetby. With all equipment necessary to export sales gas now on site, the process has been handed over to commissioning specialists.
Whilst the last of the electrical and mechanical tie-ins are being completed early next week, they will continue with hydro testing (already largely complete,) nitrogen leak testing, final verification and function testing of all pressure equipment and finally live gas testing with well-head gas. This exercise is not wholly sequential as there is considerable overlap between function testing and leak testing.
Contractors are working toward a target date for the first flow of well-head gas through the plant during the week commencing 20 June 2022 with first export (i.e. sales) nominations the week following. Angus looks forward to providing updates via Twitter, Linked-In and RNS Reach on detailed progress through the remainder of the commissioning sequence
The Company is also pleased to announce that it has concluded all preparatory risk assessment and planning for the forthcoming side-track at Saltfleetby and has advised suppliers of a spud date for drilling of 21 July 2022.
