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  HOME | Caribbean

Jamaica to Begin Offshore Oil and Gas Exploration

SAN JUAN – A subsidiary of Ireland’s Tullow Oil plc is about to begin a two-dimensional seismic survey in waters off Jamaica’s southern coast to determine the “potential for commercial oil and gas,” the Jamaican government said.

Tullow Jamaica Limited commissioned the specially equipped vessel BGP Challenger to conduct the study.

In November 2014, state-owned Petroleum Corporation of Jamaica and Tullow signed a Production Sharing Agreement that calls for the private firm to spend at least $70 million on exploration in the Walton Basin and the Morant Basin.

Tullow expects it will take up to nine months to process and analyze the seismic data collected by BGP Challenger over the course of 30 days.

 

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