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PT.....Awards are due Q2 this year but i would like to think the BOD have enough to be getting on with as we are in the middle of the concept stage ( Stripping it all back )
Were the words of AB....However you never know they could throw up a few more surprises ?
GL
Jersey plans to electrify Buchan area
by David McPhee
12/02/2020, 7:30 am
David Larcombe, engineering and commercial manager at Jersey,
David Larcombe, engineering and commercial manager at Jersey,
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A North Sea minnow outlined plans to put its Greater Buchan Area (GBA) development project at the heart of the energy transition at Subsea Expo yesterday
Jersey Oil and Gas is looking at ways of producing around 140 million barrels of oil from the GBA.
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A new platform will be required and Jersey wants to power it with electricity supplied from shore.
Jersey said it was in early-stage talks with other operators about using the platform as a “regional power hub” for distributing electricity to other installations in the area.
A power cable from Peterhead would have to stretch 96 miles across the North Sea.
David Larcombe, engineering and commercial manager at Jersey, said: “At the moment there is no infrastructure on Buchan and we want to power our facilities.
“What we’re offering with our shiny new development is that we could essentially distribute that (power) to whoever might need it.
“We’re trying to work with others in the area to see if they have a requirement for this.
“The idea behind the collaboration is that if everyone involved works together then there’d be an element of cost-sharing, so we’d all collectively own the infrastructure, which makes it more attractive for everyone.”
Mr Larcombe said the plan could also increase the lifespan of assets offshore, with a lot off operators currently using carbon emitting gas turbines on assets.
He said: “What this offers is an alternative, you no longer need to import gas and there could be an economic benefit there for some.
“It could well keep fields going for longer.”
The Buchan field came on stream in 1981, but production halted in 2017 because the Buchan Alpha platform was unsafe and had to be removed by then-operator Repsol Sinopec.
Jersey, which now operates Buchan, reckons that field alone could produce a further 80 million barrels of oil.
Last month, Jersey struck a deal to repurchase 70% of the licence containing the Verbier discovery, located near its other assets, from Equinor.
Equinor farmed into the licence in 2016, buying a majority stake, but subsequent appraisal drilling showed the discovery was at the lower end of the estimated resource range.
Also speaking at Subsea Expo, Laurent Parra, strategy and business director at Total E&P UK, confirmed the French oil giant would be looking for electrification potential from the upcoming Scottish offshore wind leasing round.
Not me MadCrann.....But in future can the very big hitters holding JOG shares please let me know when you start offloading stock.
Obviously I'm talking when we finally start moving higher and reach a value that some of us will see it as a opportunity of selling up.
I know who you are !!!
Anyone remember the poster who purchased £400,000 worth of JOG stock towards the end of 2019 ?
I know for sure he purchased around the £1.74 level but i haven't seen him or her on here for a while
I just cannot remember the name
Seems like gold stocks are all the rage at the moment while Oilers are out of fashion
Just a matter of time & patience for the roles to be reversed
LOL
PC......Well summed up i concur entirely with your views.
Longwait......That's my thinking selling a Big chunk hopefully when it hits around the £2.50 - £2.70 level ( I'm sure it will )
I should have done it many times over the past few years and bought back lower but i guess I'm not that good
LOL
Gl
Stocks being hammered this morning
Sou down over 20%, Hur down over 14%, Jog down 9%, surely some good buying opportunities at some point if this downward trend continues although i am holding off in this one for the time being
What a pile of ****e this is suspended but do we actually think it will comeback ?
Big regrets investing in this DOG
Sounds like a plan Kenco as i can't do any worse than my last tranche i bought
GL
My last top up in here was £2.26 when i took the gamble Equinor would take up the option on the OGA awards
I cannot wait for the day when hopefully JOG brings the bacon home and this is atleast £4 per/share or more ?
At that point i will take every penny i have in here and refrain from ever investing in this market again.
Tempted with a top up but where is the bloody bottom ?
LOL
· Highly experienced Project Team hires made to advance the planned GBA development
I always like the sound of this " Highly experienced project team "
I'm sure we are in good hands not sold a bean.
Let's see how the market reacts
Still no news out then on this pile of ****
I would say nothing has triggered the rise but nevertheless it is most welcome after recent months of decline.
Happy new year all
" Redcar turns Bluecar after 14yrs of Labour dominance "
Well done Boris
Unbelievable what's happened to this company just a complete bag of ****e
FFS......That didn't last long
Ticking back up a little
Hope so i need 0.041 just to break even anything above is a bonus so you just never know with this market it could go one way or the other ?
Is it just a pump though ?
I bloody hope not i want my cash back
LOL