Jersey Oil & Gas plc’s joint venture has secured a further 24 months to the second term of its North Sea licence P2498 to complete the field development plan for the Buchan field. CASH The company estimates the Buchan field contains gross discovered oil and gas resources of approximately 70 MMboe (95% oil). Project partners, […]
Tag: Buchan Horst
Buchan first oil delayed pending emissions guide
Jersey Oil & Gas plc partner in the Buchan Horst project will “materially slow” activities while awaiting new government environmental guidance for oil and gas firms. LICENCE Operator NEO Energy and its owner HitecVision will wait for clarity “around the UK regulatory and fiscal framework so that the full impact can be assessed.” “This will […]