News listings

energy-pedia licensing

United Kingdom flagUnited Kingdom

Europe / Caspian / CIS >>> United Kingdom

UK: Jersey Oil & Gas completes 31st Supplementary Offshore (Greater Buchan Area) Licensing Round awards


19 Sep 2019

Photo - see caption

AIM-listed Jersey Oil & Gas (has announced the formal completion of the requisite documentation in respect of the previously announced blocks awarded to the Company in the Oil & Gas Authority's ('OGA') 31st Supplementary Offshore Licensing Round (the '31 SLR')

The Greater Buchan Area ('GBA') acreage awarded to JOG comprises:

  • Licence P2497, Block 20/4c, referred to by JOG as 'Zermatt'
  • Licence P2498, Blocks 20/5a and 21/1a, referred to by JOG as the 'Buchan Blocks', which includes the Buchan oil field and the J2 oil discovery
  • Licence P2499, Block 21/2a, referred to by JOG as 'Glenn'

Further information on the awards is set out in JOG's announcements of 22 July 2019 and 23 August 2019. Details of the awards can also be found on the Company's website, www.jerseyoilandgas.com, along with an updated corporate presentation.

Photo - see caption

Andrew Benitz, CEO of Jersey Oil & Gas, commented:

'We are very pleased to have now formally completed our recently announced block awards in the 31 SLR. These awards have leapfrogged JOG from being an exploration focused business into an Operator of a major new area hub development project, with estimated discovered mean recoverable resources net to JOG of in excess of 120 million barrels of oil equivalent ('mmboe'), together with significant upside potential to tie in further resources within the GBA. This represents a very exciting new chapter for JOG and we look forward to working with all our stakeholders as we progress the Field Development Plan ('FDP') for this transformational project.'

Click here for: Presentation: 31st Supplementary Offshore Licensing Round Awards

Original article link

Source: Jersey Oil & Gas





Bookmark and Share


A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current deals: 1699
Completed deals: 5237

Company Profiles

Current Company Profiles: 2647

Corporate Activity

Current Corporate Activity articles: 3316

Companies Looking

Current number of articles: 427

Company Sales

Current Company Sales articles:1364

Geostudies

Current Geostudies articles: 645

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

Geoespace
Rose & Assocs 149
OPC
SLR Consulting logo
Bayphase
Union Jack Oil 149
energy365
count geophysics
KL Publishing
Government of South Australia
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com