South America / GoM

Jamaica flag
Summary | Profile

Country profile: Jamaica

Location: Caribbean, island in the Caribbean Sea, south of Cuba
Climate: tropical; hot, humid; temperate interior
Terrain: mostly mountains, with narrow, discontinuous coastal plain
Size: 10991 sq. km total (Land area: 10831 sq. km  Water area: 160 sq.km)
Population: 2,804,332 (July 2008 est.)
Languages: English, English patois
Government: constitutional parliamentary democracy
Capital city: Kingston
Legal system: based on English common law; has not accepted compulsory ICJ jurisdiction
Currency: Jamaican dollar (JMD)
Licensing:

Country profile

The islands of the Caribbean basin are predominantly net energy importers, with the exception of Trinidad and Tobago. Agriculture and natural resource extraction activities continue to constitute the basis of the islands' economies, though the tourism and service sectors are growing. In recent years, the Caribbean countries have been worried that higher global oil prices will impair their efforts to expand economically.

In response, the island nations have been discussing ways to better integrate their energy sectors, especially in regards to increased natural gas exports from Trinidad and Tobago to other islands. These efforts have also focused on the major external energy suppliers to the region, such as Mexico and Venezuela.

Energy production and consumption


Oil Gas
Production:    
Consumption: 72,000 bbl/day (2005 est.)  
Exports: 1,531 bbl/day (2005 est.)  
Imports: 71,420 bbl/day (2004 est.)  
Reserves:    
Major fields:



Jamaica - recent news

03 Aug 20
Jamaica: United Oil & Gas acquires Tullow's interest in the Walton Morant licence offshore Jamaica
AIM-listed United Oil & Gas has received approval from the Jamaican Government to take forward the Walton Morant Licence, Jamaica, on a 100% operated basis, with the assignment of Tullow's 80% equity. A work programme is underway to further de-risk the Colibri prospect and other targets ahead of a drill decision and a farm-out process is ongoing.
14 Jan 20
Jamaica: United Oil & Gas announces update on Walton Morant licence, offshore Jamaica
JV partner United Oil & Gas has announced that the Initial Exploration Period for the Tullow-operated Walton Morant licence, during which a drill or drop decision is required, has been extended by a further six months. A farm-down effort being led by Tullow is in progress, with the aim of bringing in an additional partner(s) for exploration drilling in 2021 on the Colibri prospect.
21 Feb 19
Jamaica: CPR upgrades offshore Jamaica prospect to 229 million barrels on Tullow Oil-operated Walton-Morant licence
JV partner United Oil & Gas reports that an independent CPR prepared by ERC Equipoise for the Tullow Oil-operated Walton-Morant licence, offshore Jamaica, has resulted in an increase in Gross Unrisked Mean Oil Prospective Resources for the undrilled Colibri prospect to 229 MMstb recoverable from 219 MMstb, and an increase in the geological chance of success.
13 Aug 18
Jamaica: United Oil & Gas announces delivery of fast track 3D seismic data on Tullow Oil-operated licence, offshore Jamaica
United Oil & Gas has announced that the fast track version of the recently acquired 3D seismic dataset over the Walton-Morant licence offshore Jamaica, has been delivered by the operator, Tullow Jamaica. Encouragingly, the high-grade Colibri target, which had previously been mapped on 2D seismic, has been clearly identified on the fast track version of the 3D seismic dataset.
14 May 18
Jamaica: United Oil & Gas announces completion of 3D seismic acquisition on Tullow-operated Walton-Morant licence, offshore Jamaica
United Oil & Gas has announced the completion of a 2,250 sq km 3D seismic acquisition survey over the Tullow Oil-operated Walton-Morant licence, offshore Jamaica, which includes the high-graded Colibri target. Subject to the results of the seismic survey, an exploration well could be drilled in 2020-2021.

Jamaica - more news

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