Jersey Oil and Gas PLC 2023 AR2
The report highlights a transformational year for Jersey Oil & Gas, marked by the successful execution of two farm-out transactions for the Greater Buchan Area (GBA) with NEO Energy and Serica Energy. These transactions fully fund the company's 20% interest in the Buchan redevelopment project through to first oil, eliminating the need for additional equity or debt. Operational milestones included the submission of the draft Field Development Plan and Environmental Statement, alongside securing the 'Western Isles' FPSO as the development solution. The company is committed to a low-carbon development, planning for future electrification of the FPSO via connection to nearby floating wind power.
Company: Jersey Oil and Gas PLC
Sector: Energy
Country: Jersey
Year: 2023
Type: AR2
Pages: 84
Jersey Oil and Gas PLC
Annual Report
The report highlights a transformational year for Jersey Oil & Gas, marked by the successful execution of two farm-out transactions for the Greater Buchan Area (GBA) with NEO Energy and Serica Energy. These transactions fully fund the company's 20% interest in the Buchan redevelopment project through to first oil, eliminating the need for additional equity or debt. Operational milestones included the submission of the draft Field Development Plan and Environmental Statement, alongside securing the 'Western Isles' FPSO as the development solution. The company is committed to a low-carbon development, planning for future electrification of the FPSO via connection to nearby floating wind power.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 2:
Net Zero Target
Employees