LONDON – Jamaica’s first offshore 3D seismic survey is under way, for operator Tullow Oil.
This will cover a 2,200-sq km (849-sq mi) area: it follows a 667-km (414-mi) 2D survey commissioned by Tullow during the first half of 2017.
Last month, the company farmed down 20% of its Jamaican acreage to United Oil and Gas.
In January, Tullow agreed to terms for acquiring 100% stakes inPeru’s offshore blocks Z-64, Z-65, Z-66, Z-67, and Z-68. However, the Peruvian Congress has initiated an enquiry to ensure that due process was followed.
Tullow says it is confident the process was in line with direct negotiation requirements set out in Peruvian law, and looks forward to staring its exploration program once the enquiry is complete.
A separate agreement to acquire a 35% interest in offshore block Z-38 from Karoon Gas Australia is not affected.