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.
Chief minister to attend Northern Chamber of Commerce AGM
Alfred Cannan will listen in to the meeting alongside two other ministerial colleagues
'Runway closures should be scrapped by end of summer', says Airport Director
There are currently 17 air traffic controllers, with plans to recruit at 18th
Hospitality sector continues calls for support
DfE insists "we are listening" following talks with local businesses
Chamber of Commerce calls on gov to address immigration challenges
Lobby group wants to see visa processes streamlined
Businesses 'need two freight sailings per day'
Business Isle of Man chief exec gives evidence to Tynwald committee
Manx law firm offers support to Michael Dunlop
Company says 25-time TT winner's ties to Island 'unquestionable'
