Caribbean still seeking to underline its presence in the global oil and gas sector

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x The push by Caribbean Community (CARICOM) member countries to become important players in the global oil and gas industry does not stop at three member countries, Trinidad and Tobago, Guyana and more recently Suriname. Jamaica too, having long thrown its hat in the ring, continues to take initiatives to make its presence felt in what is already a crowded arena if account is taken of the wider South America. Recent soundings in Jamaica point to the country’s seeming unrelenting persistence to become the fourth oil producer in the Community.

On Friday October 4, the Jamaica Gleaner reported that United Oil is awaiting clearance to begin collecting samples from beneath Jamaica’s seabed, as part of an ongoing exercise to secure additional data that would further strengthen its case for persisting in its efforts to realize an oil strike there. “As we move forward, our primary focus remains on Jamaica, which we believe offers transformative potential for United. The planning and permitting processes for the piston core sampling is advancing, with permits expected in early 2025. We remain engaged with a number of interested parties as we continue to progress the farm-out process,” Brian Larkin of United Oil is quoted in Friday October 4 issue of the Jamaica Gleaner as saying.

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Caribbean still seeking to underline its presence in the global oil and gas sector

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