Drilling & production - 17 February 2017

Jersey Oil & Gas, an independent upstream oil and gas company focused on the UK Continental Shelf region of the North Sea, has provided a corporate and operational update.

The Kraken Floating Production Storage and Offloading vessel arrived at the field on Monday 13 February, anticipating good weather conditions.

Ithaca Energy Inc. has announced the successful start-up of production from the Stella field.

Significant progress on the Santos turnaround: Record production and sales volumes, free cash flow breakeven US$36.50/bbl and net debt reduced to US$3.5 billion.