Indie sees upstream opportunity in Jamaica
United is seeking farm-out partners for the large Caribbean block
Ireland-based, London-listed United Oil & Gas is the only company active in Jamaica’s frontier upstream. CEO Brian Larkin explained to Petroleum Economist why he believes the Caribbean nation has enormous potential and discussed his firm’s strategy. United has been in operation for only eight years and was founded by former Tullow Oil staff. The company’s primary asset is a 22,400km2 frontier exploration licence, known as Walton-Morant, located south of Jamaica’s Central Coast. The licence—which comprises the entire southern block—was previously held by Tullow, and United now owns 100%. United is engaged in a farm-out process for the Jamaican licence, with plans to start drilling in 2025
Also in this section
4 October 2024
Economic ill-health may be a wake-up call to the world about the Asian nation’s shifting oil buying status
3 October 2024
The formation’s gas-to-oil ratio is set to keep rising, but new markets and midstream plans mean infrastructure constraints may not be an issue
2 October 2024
Geopolitical strife embroiling Iran and political corruption in Venezuela suggest little near-term change to oil production from either of the sanctioned states
1 October 2024
Our look into Petroleum Economist's archives continues with October 1960 coverage of another key moment in the history of oil and gas: the founding of OPEC