South America / GoM
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
| 10 Apr 25 |
Jamaica: United Oil & Gas provides a technical and operational overview on the Walton Morant Licence offshore Jamaica AIM_listed United Oil & Gas has provided a technical and operational overview on the Walton Morant Licence offshore Jamaica. This detail follows the Company's recent announcement confirming an early two-year licence extension to 31 January 2028, and renewed momentum in the farm-out process with multiple parties now under NDA. |
| 27 Mar 25 |
Jamaica: United Oil & Gas secures Walton Morant licence extension - farm-out discussions advance United Oil & Gas has secured an early two-year extension to the Walton Morant licence offshore Jamaica. With the licence extension confirmed, United has re-engaged with selected parties that had previously expressed interest before the farm-out process was suspended in December 2024, as well as new interest from additional groups. |
| 27 Aug 24 |
Jamaica: United Oil & Gas comments on rumours regarding oil discovery in Jamaica AIM-listed United Oil & Gas has noted the recent rumours circulating in Jamaica media regarding its Walton Morant licence. United confirms that it has drilled no wells in the Walton Morant licence and therefore no commercial oil or gas discovery has been made. United holds a 100% working interest and is currently engaged in a farm-out process. |
| 29 Feb 24 |
Jamaica: United Oil & Gas announces appointment of Country Manager in Jamaica United Oil & Gas has announced the appointment of a Country Manager in Jamaica, who will play a key role in overseeing and implementing the work programme that was recently agreed with the Ministry of Science, Energy, Telecommunications and Transport as part of the two-year extension to the Initial Exploration Period of the Walton Morant Licence. |
| 25 Jan 24 |
Jamaica: United Oil & Gas confirms Jamaica licence extension United Oil & Gas has been awarded a two year extension of the Walton Morant Licence, offshore Jamaica, to 31 January 2026. The licence extension enables the Company to continue its farm-out campaign for the licence, which contains potentially over 2.4 billion barrels of unrisked mean prospective resources including the promising Colibri prospect. |
Jamaica - more news
Other countries in this region
- Argentina,
- Aruba,
- Bahamas,
- Barbados,
- Belize,
- Bermuda,
- Bolivia,
- Brazil,
- Canada,
- Chile,
- Colombia,
- Costa Rica,
- Cuba,
- Dominican Republic,
- Ecuador,
- Falklands,
- French Guiana,
- Grenada,
- Guatemala,
- Gulf of Mexico,
- Guyana,
- Honduras,
- Mexico,
- Nicaragua,
- Panama,
- Paraguay,
- Peru,
- Suriname,
- Trinidad,
- Uruguay,
- USA,
- Venezuela
