Jersey Oil & Gas benefits from Statoil tie-up in north sea

8 September 2016: Andrew Benitz, Jersey Oil & Gas CEO, says the recent deal to bring Statoil into its north sea operations validates the asset. The venture carries JOG to the value $25 million of exploration costs. Andrew also talks about the belief that the north sea is s spent force, telling IG that this is far from the truth. That speculation, he says, will give JOG the opportunity to expand its asset base through acquisition.