United gets positive response on offshore Jamaica license extension
Jan. 22, 2024
United Oil & Gas has agreed to terms with Jamaica’s Ministry of Science, Energy, Telecommunications and Transport for a two-year extension of the offshore Walton Morant license.
Courtesy United Oil & Gas
Offshore staff
DUBLIN, Ireland — United Oil & Gas has agreed to terms with Jamaica’s Ministry of Science, Energy, Telecommunications and Transport for a two-year extension of the offshore Walton Morant license.
Pending signature on an amendment to the production sharing agreement, the license’s initial exploration period will now run until Jan. 31, 2026. United has committed to technical studies including piston core surveying and seismic reprocessing.
Walton Morant covers 22,400 sq km south of Jamaica. According to United, there is evidence for a working hydrocarbon system, and multiple plays and prospects have been defined across the acreage.
An independent evaluation of 11 high-graded leads and prospects suggested potential for about 2.4 Bbbl.
United is looking to bring in partners to support its planned work program, the ultimate aim being to drill the 406-MMboe Colibri prospect.
