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Thursday, November 26, 2020

Encouraging indicators for oil & gas in Jamaica says PCJ

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(Jamaica Observer) The Petroleum Corporation of Jamaica (PCJ) says a geological study recently conducted by CGG Robertson of the United Kingdom has revealed further “encouraging” signs for possible petroleum potential on and off-shore Jamaica.

“The investigations, which were carried out over an 18-month period discovered two independent live oil seeps in different sections of Jamaica’s oil blocks.  Detailed analysis confirmed active working petroleum systems that are generating and expelling liquid hydrocarbons to the surface,” said the PCJ in a release Monday.

Group General Manager of the PCJ, Winston Watson said the scientific indicators should bolster the PCJ’s ongoing drive to interest explorers in Jamaica’s open oil blocks.
“While the discovery of live oil does not guarantee that significant quantities are present in Jamaica’s subsurface, the study’s findings provides scientific proof that could be attractive to potential explorers,” he explained.
“Exploration is a data driven business and in recent years the PCJ has focused on building an extensive and robust data bank on Jamaica’s oil and gas potential and that is giving us the scientific evidence we need to engage experienced, proven explorers.  And while we remain cautiously optimistic as we move forward we are also fully aware that there’s still a long road ahead,” Watson added.

The PCJ informed that full details of the study are outlined in an extensive hydrocarbon potential report available for purchase from CGG.  Known in the oil and gas industry as a “Redbook”, the recently completed report should serve as a “go-to” document for explorers evaluating frontier countries like Jamaica for exploration acreage.

The PCJ also said it is anticipated that the CGG “Redbook” will attract interest from potential explorers as its release comes just ahead of the commencement of the first ever 3D seismic surveys in Jamaica’s off-shore.

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