Connecting to LinkedIn...

W1siziisijiwmtuvmdqvmtuvmdgvntqvmzgvnzi1l01ptlrbu0hfqkxpr19vtljftkrfukvex0lnqudfx3jlc2l6zwrfyw5kx3jlbmrlcmvklmpwzyjdlfsiccisinrodw1iiiwimtkymhgxmjuwiyjdxq

Blog

Jamaican company commits J$6.7 billion to offshore oil exploration

14/11/2014 by Sharon Shahzad

W1siziisijiwmtqvmtevmtqvmtuvmdqvndavmtm3l09pbf9hbmrfz2fzx3bsyxrmb3jtxzc0mc5qcgcixsxbinailcj0ahvtyiisijywmhg0mdbcdtawm2uixv0

The Petroleum Corporation of Jamaica (PCJ) says it will ensure that Jamaicans benefit, if oil is found from the recently announced gas and oil exploration project.

The exercise, which commenced on November 1, is being facilitated under a production sharing agreement (PSA) signed by the PCJ, and Tullow Jamaica Limited.

An exploration licence has been issued to the firm, which has committed some J$6.7 billion (One Jamaica dollar=US$0.0089) to undertake activities off the island’s south coast.

PCJ manager, Oil and Gas, Brian Richardson, said the PCJ will ensure that the project “brings the benefits that we desire,” if the survey results in the discovery of oil.

“We worked very hard to get someone like Tullow Oil on board and it is our earnest wish that as we go forward, it brings the benefits that we desire. The PCJ and its team will ensure that we commit all the resources that we do have to ensure that Jamaica gets the fullest benefit from the programme being implemented,” he said.

Richardson said the project will have several phases.

“In each of those phases, the explorer, Tullow Oil, will be looking to build on the knowledge of the past and continue to use their internal expertise, develop on that knowledge and hopefully point to a place where we could go on to a more detailed seismic work, using sound waves to investigate under the surface,” he added.

This article has been extracted from http://www.caribbean360.com/, please click on this link to read the article in full http://www.caribbean360.com/business/jamaican-company-commits-j6-7-billion-to-offshore-oil-exploration#ixzz3J3UXQVkL

Montash is a multi-award winning, global technology recruitment business. Specialising in permanent and contract positions across mid-senior appointments across a wide range of industry sectors and IT functions, including:

ERP, BI & Data, Information Security, IT Architecture & Strategy, Energy & Technologies, Demand IT and Business Engagement, Digital and E-commerce, Leadership Talent, Infrastructure and Service Delivery, Project and Programme Delivery.

Montash is headquartered in Old Street, London, in the heart of the technology hub. Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid management in permanent and contract roles.

comments powered by Disqus

Social Stream

Latest News

W1siziisijiwmtyvmtivmdcvmtavmdyvndkvntg0l0vudgvychjpc2ugcmvzb3vyy2ugcgxhbm5pbmcgy29wes5qcgcixsxbinailcj0ahvtyiisijm4mhgxmdajil1d

Infor launches new mobile solution

2016-12-07 09:00:00 +0000

Infor, one of the global leaders in enterprise resource planning (ERP) software, has revealed that it is launching a new mobile solution. The company, which has focused on developing specialised business applications for a variety of industries, unveiled Infor Mobility for Field Service (MFS). The solution is a comprehensive mobility application that can streamline operations for employees working in the field. To ensure that field technicians are provi...

W1siziisijiwmtyvmtivmdyvmdkvmjcvmtavnze4l2nsb3vkihrly2hub2xvz3kgc2vydmljzxmuanbnil0swyjwiiwidgh1bwiilcizodb4mtawiyjdxq

AI continues to infiltrate cloud computing se...

2016-12-06 09:00:00 +0000

With Google and Microsoft both already working on artificial intelligence (AI) software for their cloud services, it has been revealed that Amazon is now to join the battle. The internet giant is to prioritise developing AI for Amazon Web Services (AWS), the division that sells data storage and computing to IT professionals around the world. AWS is currently the fastest-growing division for Amazon, with the past year having seen sales soar by 60 per cen...