“The farm-out campaign remains a key focus for United, as we seek to take this potentially transformational project forward into the next phase of the Licence. In order to do so, a commitment to drill a well will need to be made by end January 2024.
We have continued to engage with potential partners to participate alongside us in drilling this exploration well, and earlier in the year, a deadline for indicative offers had been set for the end of H1. We are encouraged by the number and quality of companies that are in the process of completing their evaluations, and as they have requested additional time, we have agreed to extend the deadline. Additional updates will be provided in due course.”
United Oil and Gas
Questions:
- January 2024 is fast approaching. What constitutes a commitment to drill? How soon must a well be spudded?
- Could Jamaica extend the deadline? Should they?
- United Oil and Gas is “encouraged by the number and quality of companies that are in the process of completing their evaluations.” We’ll soon find out how serious that interest is.
For those following the Barbados Offshore Licensing Round, no updates have been posted by the Ministry of Energy and Business; nor has the BOE team received any feedback on our comprehensive bid 😉
Bud's Offshore Energy (BOE) 
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