A two-month extension has been granted to Crogga Limited to search for oil and gas in Manx territorial waters.
The DoI originally issued the company with a Seaward Production Innovative Licence in October 2018.
Such licenses are divided into three exploration phases:
- Phase A – geotechnical studies and geophysical reprocessing
- Phase B – 3D seismic survey and acquiring other geophysical data
- Phase C – exploratory drilling
The licence term commenced on 1 January 2019 at Phase B, which includes undertaking a 3D seismic survey, prior to moving to exploratory drilling in Phase C.
Crogga Limited subsequently applied to vary the conditions of the original licence – which is due to expire today (Friday 20 December 2024) – but agreement could not be reached between the parties and the application has been withdrawn.
A two-month extension has this week been agreed between the parties to conclude discussions around other outstanding matters before a new licence end date can be established.
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