News/Sports

Jamaica to Proceed With Major Oil and Gas Exploration

According to the Jamaica Information Service (JIS), an offshore two-dimensional seismic survey is to be conducted by Tullow Jamaica Limited over the next 30 days to determine Jamaica’s potential for commercial oil and gas.

Tullow, a leader in independent gas and oil exploration and production, is undertaking the 3, 000 kilometre survey as part of the work programme outlined in the Production Sharing Agreement (PSA) the company signed with the Petroleum Corporation of Jamaica (PCJ) in November 2014.

Exploratory work is to be carried out on the south coast of the island, which has been identified in the past as having good frontier for exploration.

Tullow has contracted the seismic vessel, BGP Challenger to conduct the exploration and collect the data.

  

Addressing the media during a tour of the technologically sophisticated seismic vessel on Tuesday (January 12) at the Port of Kingston, Science, Technology, Energy and Mining Minister, Hon. Phillip Paulwell, indicated that a number of works valued at $US70 million, is being undertaken by Tullow under contract.


"Oil platform P-51 (Brazil)" by Divulgação Petrobras / ABr - Agência Brasil [1]. Licensed under CC BY 3.0 br via Commons.
An Oil platform in Brazil by Divulgação Petrobras / ABr – Agência Brasil [1]. Licensed under CC BY 3.0 br via Commons.

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