Iona Energy plc is an independent upstream oil and gas company headquartered in Aberdeen, Scotland, with a focus on the United Kingdom Continental Shelf (UKCS). The company is engaged in the exploration, development and production of hydrocarbon resources, targeting mature basins with established infrastructure. Through a combination of technical expertise and strategic partnerships, Iona Energy seeks to unlock value from under-developed fields and near-field opportunities.
Founded in 2005 and formerly listed on the Alternative Investment Market (AIM), Iona Energy has pursued a disciplined growth strategy centred on acquiring and advancing licences in the North Sea. Over the years, the company has gained experience in seismic data interpretation, well appraisal drilling and production optimisation, delivering early cash flows from its initial discoveries and building a track record of operational execution.
Today, Iona Energy holds interests in multiple licence blocks within Quadrant 14BS of the North Sea, an area that offers access to existing pipelines and processing facilities. Its principal assets are positioned for low‐cost tie-backs to third-party platforms, enabling rapid development and low decline rates. The company’s technical team leverages modern reservoir modelling and digital monitoring techniques to enhance recovery and manage operating expenditure.
Iona Energy’s leadership team brings together seasoned professionals with decades of upstream experience across engineering, project management and corporate finance. The board and executive management have held senior roles at major oil and gas operators, ensuring robust governance and regulatory compliance. With offices in Aberdeen, London and Edinburgh, the company maintains close relationships with government authorities, industry service providers and local stakeholders.
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