A Douglas-based oil company is hoping to start producing crude from a newly-discovered source in South America.
Emerald Energy Plc, which also operates in the Middle East, has called the new well in Colombia Vigia number six.
Tests showed the Colombian well could deliver more than 850 barrels of oil a day.
2025 Year of Stamps Marked through Isle of Man Year Collections
This is a paid for promotion on behalf of Isle of Man Post
Market for Manx produce has "shrunk significantly", says MNFU
Government welcomes petition amid calls for supermarkets to do more for Isle of Man products
Company behind offshore windfarm plans 'confident' solution can be found as MOD submits objection
Ørsted issues statement as concerns raised about impact on radar operations
M&S launches new foodhall with new IOM themed branding
Over 100 new employees since refurb
