IOG revealed it has completed the acquisition of the 50% stake it did not already hold in blocks 48/22b and 48/23a in the Southern North Sea.
IOG struck a deal earlier this year to take Alpha Petroleum Resources’ interest in the blocks for an initial consideration of £1.5 million (US$2.2 million), as well as agreeing to pay a further $5 million once first gas is achieved at the blocks.
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