Jersey Oil & Gas plc (JOG) has received regulatory approval for an 18-month extension until 28 February 2025 to the second term of its P2498 Buchan licence in the central North Sea. FARM-OUT The North Sea Transition Authority (NSTA) also granted permission for the company to assign a 50% working interest in the licence and […]
Tag: NEO Energy
JOG agrees 50% farm-out with NEO for Greater Buchan
Jersey Oil & Gas plc (JOG) has agreed a 50% farm-out with NEO Energy for the Greater Buchan area (GBA) licences in the North Sea. TRANSACTION TERMS The GBA comprises P2498 and P2170 licences, which contain the Buchan oil field, the J2 and Verbier oil discoveries and a number of exploration prospects. JOG said that […]