UK upstream company Jersey Oil & Gas (JOG) has announced it will lead a study into collaboration on a field development in the North Sea. Seven fields will contribute to the Greater Buchan Area Joint Integrated Studies Agreement.
The GBA study aims to assess whether offshore projects in the Greater Buchan Area could benefit from a collaborative production hub. This hub may include electrification in order to maximise recoveries and reduce emissions.
The project will involve several fields in the North Sea. The Buchan, J2 and Glenn fields, owned by JOG will contribute, along with the Verbier field, operated by Equinor UK. The study will also involve the Avalon and Leverett fields, operated by Ping Petroleum UK and Zennor Resources, resepectively.
The company said the Greater Buchan Area contains oil and gas resources of more than 200 million barrels of oil equivalent (boe).
Jersey Oil and Gas CEO Andrew Benitz said: “We are delighted to be progressing this important study to evaluate the technical and commercial benefits of working together with neighbouring operators to potentially develop over 200 million boe of discovered oil and gas within the wider Greater Buchan Area.”
OGA operations director Scott Robertson said: “I am delighted with this collaboration agreement in the Greater Buchan Area, particularly given collaboration was a key component of the OGA’s vision for the Greater Buchan Area through the 31st Supplementary Licensing Round award in 2019.
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“Oil and gas will remain an important part of the UK’s energy mix for the foreseeable future as we transition to net zero. The OGA is encouraged by the collaborative and energy efficient example Jersey Oil & Gas is setting.”