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Posts Tagged ‘next Guyana’

Jamaica exploration: UOG is ramping up the promotion; will they secure the necessary partner(s)?

Posted in energy policy, Jamaica, Offshore Energy - General, tagged , , , , , on June 19, 2025| Leave a Comment »

While Jamaica’s Walton Morant Block has impressive potential, that doesn’t equate to oil and gas reserves, and speculation about the “next Guyana” is highly premature.

The block’s licensee, United Oil & Gas (UOG), lacks the financial resources to fulfill its drilling commitment, and is thus dependent on finding industry partners. The Government of Jamaica has generously granted multiple license extensions to UOG, the latest through 1/31/2028.

Will UOG succeed in their quest for partners? Is the confidence expressed below justified? Stay tuned.

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The next Guyana? “String of Pearls” offshore Jamaica?

Posted in Alaska, Guyana, Jamaica, Offshore Energy - General, tagged , , , on July 31, 2024| Leave a Comment »

United Oil and Gas excels at promotion and isn’t shy about making bold statements. Can they find a strong partner and move their Jamaican exploration program forward?

The term “string of pearls” was used about 30 years ago to describe discoveries in the Beaufort Sea and on adjacent Alaska lands. Although they were modest individually (by Arctic standards), the sense was that these discoveries would collectively support sustained production in the region. While there has been some success in that regard, the optimistic expectations have not been realized.

Below is a recent United Oil & Gas presentation to prospective investors. Previous Jamaica posts.

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