Byron gives up GI95

US-FOCUSSED Byron Energy will relinquish the lease on its Grand Isle 95 dry gas project, as it considers it to be no longer economically attractive.

Byron gives up GI95 Byron gives up GI95 Byron gives up GI95 Byron gives up GI95 Byron gives up GI95

Post-COVID world makes dry gas project uneconomic

GI95, a non-salt dome gas project, was leased out on a five year term in 2016, however Byron told the market it decided to give up the asset a year early, at the end of last month.