Friday 27 November 2020

Jersey-based upstream oil and gas company Jersey Oil and Gas (AIM: JOG), which is ‎focused on the UK Continental Shelf region of the North Sea, has entered into a conditional sale and purchase agreement to acquire the entire issued share capital of CIECO V and C Ltd., which is currently owned by Itochu Corp. and Japan Oil, Gas and Metals National Corp, the company said.

The acquisition secures an additional 12% working interest in Licence P2170 Blocks 20/5b and 21/1d thereby providing JOG with 100% ownership and full control of Licence P2170, located within JOG's Greater Buchan Area development project.