In November 2014, Tullow gained interest in offshore Jamaica after signing a new Production Sharing Agreement for a large prospective acreage position which includes ten full blocks and one part block in shallow water to the south of the island.
There have been oil or gas shows in 10 of the 11 onshore and offshore wells drilled in Jamaica to date. The offshore area to the South of the island has been identified as having good frontier exploration potential encompassing three geological provinces, the Pedro Bank carbonate platform and the Walton and "Southern" sub basins which offer Tertiary aged clastic and carbonate reservoir targets in both structural and stratigraphic settings. Multiple leads have been identified on existing seismic data which lie in 25m to 2,000m water depths.
Exploration & Appraisal
Following the completion of a drop core and seep study in the Walton Morant blocks that identified a live oil seep, Tullow will acquire a further 680 km of 2D seismic data before considering the acquisition of a 3D seismic survey.