Jersey Oil & Gas is leading development of the Greater Buchan Area in North Sea

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  • Jersey Oil and Gas continues to advance Greater Buchan Area project
  • Jersey Oil and Gas say Greater Buchan Area project has ‘multiple benefits’
North Sea

Quick facts: Jersey Oil and Gas PLC

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Jersey Oil and Gas is an oil and gas company focused on upstream operations in the UK North Sea.

The company is leading a major new development within the heart of the Central North Sea, within the Greater Buchan Area that benefits from an estimated 172mln barrels of discovered and recoverable oil volumes that are located within the Buchan oil field, Verbier and J2 oil discoveries, together with additional significant exploration upside potential across the acreage.

This exploration upside includes 4 drill-ready prospects with combined prospective resources of 230mln barrels.

02 Jun 2021

() said it submitted a concept selection report to the UK Oil and Gas Authority, marking a significant milestone ” in delivering maximum value from the Greater Buchan Area (GBA) development project in the North Sea.

GBA is planned as a ‘net-zero’ solution – with emissions estimated to be less than 1kg of CO2 per barrel of oil equivalent of production, which is substantially below the North Sea average of 22kg per barrel.

The submission of the concept selection report represents a “significant milestone for JOG in our journey to deliver maximum value from the Greater Buchan Area,” said Andrew Benitz.

“The submission of the CSR ahead of schedule is testament to the growing project team’s continued hard work.”

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06 May 2021

() said it is delivering on its growth strategy with the Greater Buchan Area project in the North Sea.

The company, in its results statement for 2020, highlighted that during the year it successfully aggregated its portfolio of discovered resources into GBA, along with what it described as significant exploration upside.

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30 Apr 2021

() has introduced a Carbon Policy that sets out its commitments relating to the management of carbon emissions, low-carbon targets and initiatives.

The policy confirms the company’s commitment to risk-managed growth, which will involve reducing its carbon footprint to the lowest possible levels, it said in a statement.

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04 Mar 2021

‘s () Andrew Benitz joins Proactive London’s Katie Pilbeam to discuss the future of their Greater Buchan Area project, in the North Sea. He explains to our Proactive audience their plans to launch a farm-out process, which he expect to be highly attractive to a wide range of oil companies in light of the project’s scale, economics and low carbon potential.

Benitz highlights the potential for 172mln barrels of oil resources to be developed from a fully electrified platform.

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Jersey Oil and Gas say Greater Buchan Area project has ‘multiple benefits’

Jersey Oil and Gas PLC’s (LON:JOG) Andrew Benitz joins Proactive London’s Katie Pilbeam to discuss the future of their Greater Buchan Area project, in the North Sea. He explains to our Proactive audience their plans to launch a farm-out process, which he expect to be highly attractive to a wide…

on 4/3/21

3 min read

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