Independent Oil and Gas plc announced Corporate and Operational Update. Intensive work has continued across all key Phase 1 development disciplines, as well as increasing project integration activities focused on efficient completion, installation and commissioning of infrastructure in conjunction with the drilling programme over the coming months. Fabrication of the Phase 1 Southwark and Blythe platforms at HSM's yard in Schiedam remains on track for mechanical completion later in First Quarter 2021. Construction of both jackets is proceeding alongside installation and testing of topside equipment including risers, helidecks, controls, communications and integrity management systems. Transport and installation (T&I) of the platforms at the field locations is planned for Second Quarter 2021, in coordination with drilling operations. Over Fourth Quarter 2020, IOG's subsea and pipelines contractor Subsea 7 undertook the offshore campaign to install the Blythe 12-inch and Elgood 6-inch lines. This was a key part of the Phase 1 subsea and pipelines scope. Detailed well design for the drilling campaign is on track to complete in Q1, with the first development well now expected to spud by early Q2. Contracting of Tier 1, 2 and 3 drilling services, logistics and tangibles is also now well advanced, while permit applications and risk assessments continue in parallel. IOG safely and successfully completed all planned tie-ins to the Perenco LAPS facilities during the regular maintenance shutdown of the Bacton gas terminal in November 2020. The wider Thames Reception Facilities (TRF) process continues onshore at Bacton, for which ODE, a specialist engineering house with extensive knowledge of the terminal, has been selected as engineering, procurement and construction (EPC) contractor. An updated assessment of expected Phase 1 outturn cost versus budget is expected later in Q1, once detailed well design is complete and key operational windows have been further defined. IOG is also stepping up preparations for a competitive gas sales tender process for the initial years of production, on behalf of the IOG-CalEnergy Resources (UK) Limited JV. The Energy Contract Company (ECC), a specialist gas sales advisor, has been engaged to assist the process.