About Jersey Oil and Gas
Jersey Oil and Gas (JOG) is a fast-growing, North Sea-focused, upstream oil and gas company. Formed in March 2014, JOG has grown significantly since inception following the drilling of the Verbier discovery in 2017 with its co-venturers Equinor and CIECO, and recently through the 2019 award of licences in the Greater Buchan Area. The Company’s licenced acreage is estimated to have more than 140 million barrels of discovered and recoverable oil volumes net to JOG and significant additional exploration opportunities. Central to the discovered resource portfolio is the Buchan field, which lies at the heart of the Greater Buchan Area. This field, together with a further three discoveries, form the heart of a major new area hub development operated by JOG in the Central North Sea.
Infor and Hexagon Systems to drive growth
JOG’s business has undergone significant and rapid expansion since being awarded the Greater Buchan Area assets, which includes operatorship. As a result, they needed a more comprehensive and robust accounting system. Progressive’s expertise in implementing finance and asset management systems for upstream businesses operating in the North Sea was a crucial factor in their decision to select Progressive.
Progressive TSL’s dedication to providing ongoing support, managed by a team with finance and oil and gas expertise, was highly beneficial to JOG after implementation. Furthermore, as JOG continues to develop, Progressive’s industry-specific solution will enable them to provide valuable guidance and assistance, enhancing the future-proof core infrastructure that is currently in place. This scalability will enable JOG to take advantage of future growth opportunities, knowing that their infrastructure can handle scalability.
“Progressive TSL have turned around the implementation of the finance and procurement system for Jersey Oil and Gas in an entirely remote access way, given the Covid-19 restrictions, in the promised timeframe.”
Vicary Gibbs, CFO, Jersey Oil and Gas plc
Key features of the Infor and Hexagon solution
- Robust finance, procurement and asset management systems
- A system for approving invoices through a mobile app
- Customized management reports categorized by assets
- Accounting specifically designed for Joint Ventures (JV)
- Tracking of time and expenses
- Automated generation of report collections
- A scalable system capable of accommodating growth
“SunSystems with HxGN EAM is the perfect solution for Jersey Oil and Gas. We are delighted that they have chosen Progressive TSL as their implementation partner. They can be confident that we will apply our experience and expertise to provide a future-proof solution that will grow with their business.”
Chris Walcot, CEO, Progressive TSL