28 June, 2018 – Jersey Oil & Gas (AIM: JOG), an independent upstream oil and gas company focused on the UK Continental Shelf (“UKCS”) region of the North Sea, is pleased to announce that, further to the Company’s announcement of 24 April 2018, the 3D seismic survey over the P.2170 (Blocks 20/5b & 21/1d) (“P.2170”) licence area and certain offset acreage conducted as part of a wider GeoStreamer MultiClient 3D seismic survey by Petroleum Geo-Services ASA (“PGS”) in the Moray Firth area has now been completed on time and without any HSE incidents.
Delivery of the final imaged data by PGS from the survey continues to be expected in late Q1 2019. This data will be integrated with the results from the Verbier appraisal well, scheduled for drilling late Q3/early Q4 this year, which, in a success case, will be an important step for strategic planning as the Verbier project progresses into a potential future development phase.
Andrew Benitz, CEO of Jersey Oil & Gas, commented:
“We look forward to achieving a comprehensive update of our geological and geophysical understanding of the greater P.2170 licence area, integrating the results of the forthcoming Verbier appraisal well with the PGS newly acquired, high quality 3D dataset. The information to be derived from the appraisal well, together with the new 3D data, will be an important step towards the potential future development of the Verbier discovery and will facilitate our evaluation of other drillable prospects in the P.2170 licence area.”
Full announcement at https://www.jerseyoilandgas.com