Jersey Oil & Gas says talks are advancing with a UK North Sea operator concerning a farm-in to Jersey’s Greater Buchan Area (GBA) development in the UK central North Sea.
Courtesy Jersey Oil & Gas "Corporate Presentation May 2022"
GBA and Surrounding Infrastructure
Offshore staff
LONDON— Jersey Oil & Gas says talks are advancing with a UK North Sea operator concerning a farm-in to Jersey’s Greater Buchan Area (GBA) development in the UK central North Sea.
Heads of terms have been agreed on transferring a substantial interest in the GBA licenses to the other party, with a view to finalizing a fully termed agreement.
An exclusivity period will remain in place until the end of April.
Courtesy Jersey Oil & Gas "Corporate Presentation May 2022"
