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Tullow Oil Plc chosen for oil exploration in Jamaica

11/11/2014 by Sharon Shahzad

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IRISH firm Tullow Oil plc selected by the Jamaican Government to engage in oil and gas exploration.

Tullow, which operates in 21 countries, is expected to conduct three-dimensional exploration which, Petroleum Corporation of Jamaica (PCJ) sources said, will provide better information regarding the existence of oil in Jamaican waters.

Yesterday, Tullow Oil's Head of Media Relations George Cazenove was non-committal in response to a Jamaica Observer query on Sunday seeking confirmation of his firm's involvement in Jamaica.

"Thank you for your query," he responded via e-mail. "Alas, I am not able to comment on your story."

For some years now Jamaica has been trying to find out whether fossils detected offshore are enough for commercial extraction.

Of the previous exploration ventures, the most promising was from Canadian firm Sagres Energy, which said it detected possible reserves of some three billion barrels off Pedro Cay.

The PCJ, in its media advisory on today's announcement, pointed out that it has been aggressively pursuing proven explorers to undertake oil and gas exploration and that these efforts have borne fruit.

On the weekend, government sources said Tullow was a reputable company with a track record of success in a number of African countries.

On its website, Tullow says it holds 147 licences, 66 producing fields, and has a workforce in excess of 2,000 worldwide.

"In 2013, 37 of the 57 exploration and appraisal wells drilled, discovered hydrocarbons," says the company, which was founded in 1985 and signed its first licence in Senegal in 1986.

Founder and Chief Executive Officer Aidan Heavey says he started the company "in a small town called Tullow, about 35 miles south of Dublin, Ireland".

This article has been extracted from http://www.jamaicaobserver.com, please click on this link to read the article in full http://www.jamaicaobserver.com/news/Irish-firm-Tullow-chosen-for-oil-exploration-in-Jamaica_17904487.

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