Jamaica moves ahead with oil and gas exploration
KINGSTON, Jamaica – An offshore two-dimensional seismic survey will be conducted over the next 30 days to determine Jamaica’s potential for commercial oil and gas, as the country moves full steam ahead with its exploration plan.
Tullow Jamaica Limited, a leader in independent gas and oil exploration and production, is undertaking the 3,000 kilometer survey as part of the work program outlined in the Production Sharing Agreement (PSA) the company signed with the Petroleum Corporation of Jamaica (PCJ) back 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 seismic vessel BGP Challenger to conduct the exploration and collect the data.
Addressing the media during a tour of the technologically sophisticated seismic vessel yesterday, Science, Technology, Energy and Mining Minister Phillip Paulwell said that works valued at US$70 million is being undertaken by Tullow under the contract.
He said that already US$10 million worth of work has been done.
Following the data acquisition phase of the seismic survey, there will be a data processing period of six to nine months, then data interpretation.
“A decision will then take place as to whether we go to the next phase, which will be a three-dimensional seismic program, which will be an extensive operation taking six to nine months to acquire,” said Sustainability External Affairs (SEA) Manager of New Venture Business for Tullow Oil plc, John McKenna.
The PCJ’s Group General Manager Winston Watson said the search for oil and gas is a long-term undertaking but it is encouraging to be at this phase of the Production Sharing Agreement with Tullow, “which will help to guide us on the way forward”.
He added that the PCJ is still actively seeking additional investors for Jamaica’s remaining blocks.