Progress on engineering plans for the redevelopment of the Greater Buchan Area (GBA) are gathering pace following selection of an FPSO.
Greater Buchan Area (GBA)
NEO Energy has selected an FPSO for the Greater Buchan Area oil redevelopment in the North Sea.
Jersey Oil and Gas (LON: JOG) has completed its Great Buchan Area farm-out deal with NEO Energy, the company confirmed on Thursday.
Jersey Oil & Gas says it’s now close to a final farm-out deal for the Greater Buchan Area (GBA) after years of negotiations and delays.
Jersey Oil and Gas (LON:JOG) expects to conclude farm-out talks on its flagship Buchan field by Q1 2023, "if not by the end of the year".
Jersey Oil and Gas is making “great progress” in its quest to find a partner for the Greater Buchan Area (GBA) redevelopment.
Talks are ongoing with “multiple, serious counterparties” as Jersey Oil and Gas tries to find a partner for its Greater Buchan Area (GBA).
Jersey Oil and Gas (JOG) has announced changes at its top table as the company reaches a “pivotal” stage in its growth.
Jersey Oil and Gas has said area plans to electrify central North Sea platforms are "building momentum".
Jersey Oil and Gas has said it plans to launch a farm-out process later this year for its Greater Buchan Area in the North Sea, despite the Covid-19 and oil price crises.