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UK: Jersey Oil and Gas completes the acquisition of CIECO V&C (UK) 07 Apr 2021 AIM-listed Jersey Oil & Gas, an independent upstream oil and gas company ‎focused on the UK Continental Shelf ( UKCS ) region of the North Sea, has completed its acquisition of the entire issued share capital of CIECO V&C (UK), owned by ITOCHU and Japan Oil, Gas and Metals National Corp ( JOGMEC ). As previously announced on 26 November 2020, the consideration for the acquisition consists of a completion payment of £150,000 and two contingent payments based on the UK s Oil & Gas Authority s consent for a Field Development Plan and the potential future development and production of oil volumes from the Verbier discovery in the Upper Jurassic (J62-J64) Burns Sandstone reservoir located on

United kingdomNorth seaOceans generalJersey oil gasField development planCompany greater buchan areaUnited kingdom oil gas authorityCap ltdMetals national corpJapan oilJersey oilUnited kingdom continental shelfGas authorityUpper jurassicBurns sandstoneGreater buchan area