- Jersey Oil & Gas said two contracts had been awarded to progress the Greater Buchan Area development in the North Sea.

Rockflow Resources would provide subsurface evaluation support and Petrofac Facilities Management would offer facilities and well support, for the concept selection phase of the project.

Jersey Oil & Gas said it had developed a close working relationship with both Rockflow and Petrofac during the last two years.

'We look forward to building on our valued relationship with both companies as we progress through the critical concept selection phases of the Greater Buchan Area development project,' chief executive Andrew Benitz said.

At 1:54pm: [LON:JOG] Jersey Oil And Gas Plc share price was -1.5p at 218.5p

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