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 […]
Tag: farm-out
JOG in farm-out talks with ‘industry heavyweight’
Jersey Oil and Gas plc (JOG) said it was in advanced exclusive discussions with a “significant UK North Sea operator” for the farm-out of the Greater Buchanan Area (GBA) in the central North Sea. LICENCES JOG owns operatorship and 100% working interests in blocks that contain the Buchan oil field and J2 oil discovery. It […]
Block completes farm-out for part XIB
Block Energy plc has completed the farm-out to Georgia Oil and Gas Ltd (GOG) of part of licence XIB in Georgia. RESOURCE The transaction, announced in December 2022, results in the company now holding a 50% interest in the new Didi Lilo and South Samgori areas of XIB. Block said that GOG had completed the seismic activities agreed under […]
Block agrees farm-out for licence XIB
Block Energy plc has signed a farm-out agreement with Georgia Oil and Gas Ltd (GOGL) for 50% of its XIB licence in Georgia. LICENCE XIB The licence covers a total 614 km2 and includes the Patardzeuli, Samgori, Teleti and Rustavi fields which Block said had produced more than 180 MMbbl of oil. The company added that the portions of […]
i3 Energy completes Serenity farm-out to Europa
i3 Energy plc has completed the farm-out to Europa Oil and Gas of a 25% working interest in Block 13/23c North (licence P2358) containing the Serenity oil discovery in the UK North Sea. TERMS Europa will fund 46.25% of the cost of the upcoming Serenity appraisal well up to a gross capped well cost of […]
Parkmead starts Greater Perth Area farm-out process
The Parkmead Group plc has started the farm-out process for its 100% development project in the Greater Perth Area (GPA) in the North Sea. GPA The company said it had engaged energy corporate finance advisory firm, Gneiss Energy Ltd, to find a suitable partner or partners for the project. The core Perth field holds some […]