Jersey ‘significantly’ ups Buchan resource estimates, launches farm-out process
- Date: 22-Sep-2021
- Source: Energy Voice
- Sector:Agriculture
- Country:Gulf
Jersey ‘significantly’ ups Buchan resource estimates, launches farm-out process
Jersey Oil and Gas (JOG) has reported a “significant increase” in its resource estimates for its flagship Buchan oil field.
In its half year results, published on Wednesday, the London-listed company said it has upped its predictions for the development to an estimated 126 million stock tank barrels (MMstb).
It follows the completion of extensive reservoir simulation modelling.
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