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27-month extension for Crogga gas survey

Company given longer to look for deposits

A company surveying for gas and oil in Manx territorial waters has had its licence to look for deposits extended by 27 months.

Crogga and the Department of Infrastructure have reached a new agreement, giving the firm longer to conduct its seismic survey and gather other geophysical data.

The agreement also retains a three-year period for exploratory drilling, following the survey.

Crogga was initially granted the licence in October 2018, before receiving a four-month extension at the end of 2021.

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