Jersey Oil and Gas PLC 2023 Annual Report with Sustainability Disclosures
Company: Jersey Oil and Gas PLC
Sector: Mining & quarrying
Country: Jersey
Year: 2023
Type: Annual Report with Sustainability Disclosures
Pages: 84
The report describes a transformational year in which the company completed farm-out transactions with NEO Energy and Serica Energy, retaining a funded 20% interest in the Greater Buchan Area. The Group ended 2023 with £10.5m of cash and term deposits and no debt. It also selected the redeployment of an existing FPSO as the Buchan redevelopment solution with the lowest lifecycle emissions, while establishing Board-level sustainability oversight.
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