Jersey Oil & Gas plc aims to optimise its delayed UK North Sea Buchan oil joint venture, in the light of new government guidelines, including required approval of the project’s scope 3 emissions. PROGRESS The company is focused on the Greater Buchan Area, containing estimated resources of more than 100 million barrels of oil equivalent […]
Tag: Buchan field
JOG issues 775,000 share options
Jersey Oil & Gas plc has granted options over in aggregate 775,000 ordinary shares of 1p each in the company to its directors, senior management and employees. DIRECTORS The options exercise at 82.5 pence per ordinary share over a period of seven years for executive directors / officers and five years for non-executive directors. A […]
JOG-NEO acquire Western Isles FPSO for Buchan
Jersey Oil & Gas plc (JOG) and NEO Energy have acquired the ‘Western Isles’ floating production, storage and offloading vessel to redevelop the Buchan field. PREPARATIONS In operation since early 2017, the processing facility is owned by operator Dana Petroleum (E&P) Ltd (76.9188%) and NEO (23.0812%). The vessel is scheduled to come off station from […]