Offshore Jamaica: Excelerate acquires floating storage and regas terminal, UOG submits plan for piston survey
New Fortress Energy (NFE) has sold its assets and operations in Jamaica to Excelerate Energy for $1.055 billion, according to a May 14 NFE news release.
Under the transaction, Excelerate has acquired full ownership of NFE’s LNG import terminal in Montego Bay, the offshore floating storage and regasification terminal in Old Harbour, and a 150-MW combined heat and power plant in Clarendon.
In other news, United Oil & Gas (UOG) has submitted a permitting application for an offshore piston core survey to Jamaica’s National Environmental and Planning Agency (NEPA), according to a May 15 company news release. The survey will involve collecting 40-60 seabed sediment samples from the Walton and Morant basins using a long, cylindrical piston corer. The undisturbed score samples will then undergo geochemical analysis to support understanding of the license area’s hydrocarbon generation potential and reservoir quality.
To support selection of seabed locations, UOG plans a multi-beam echosounder survey over deeper water areas, particularly in parts of the Morant Basin that are not currently covered by 3D seismic data.
In addition, the campaign will involve a heat probe analysis at certain locations to measure background heat flow and sediment thermal conductivity. Results should assist basin modeling and petroleum system analysis, and identification of areas most likely to hold commercial hydrocarbon accumulations.
The Walton-Morant license, spanning 22,400 sq km, contains more than 40 identified leads and prospects, 11 of which have been certified by Gaffney Cline as containing more than 2.4 Bbbl of unrisked mean prospective resources.
The piston core survey will also likely aid UOG’s farm-out process for the license.
