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.
Concern in Northern Ireland over fishing visas
New restrictions imposed on who can fish Manx waters
Island offers consumer fuel protection advice
Price of oil rises steeply due to conflict in Middle East
Douglas City Council proposes city centre initiatives including sculpture and markets
Funding bid submitted for projects aimed at boosting footfall and supporting local businesses
Fewer property sales in January but average price rises
Latest figures show average property price at £341,000
