Fossil Energy – Farm-out
Britain’s North Sea Transition Authority has approved Jersey Oil & Gas’ (JOG) request to extend the second term of its P2170 license in the central UK North Sea, which contains the Verbier discovery.
The concession is now aligned with JOG’s P2498 Buchan license with the current phase expiring at the end of August 2023.
JOG is working on an area-wide development plan for the Greater Buchan Area (GBA).
