The Buchan oil field – the new beginning
JOG is pleased to share our vision for resuming future production from the Buchan oil field, the core part of our development plans for the wider Greater Buchan Area.
Since 2014, Jersey Oil and Gas has grown rapidly and delivered value for shareholders through identifying and creating opportunities that have resulted in operational successes. The company is now leading a major new development within the Central North Sea, within the Greater Buchan Area that benefits from over 140 million barrels of recoverable oil volumes that are located within the Buchan oil field, Verbier, J2 and Glenn oil discoveries, with additional significant exploration upside potential across the acreage.
“JOG benefits from a highly experienced E&P team with a multinational track record of operating assets and leading upstream-focused oil and gas companies, with decades of North Sea experience”