“I
knew nothing about the Oil and gas industry at the time, which made it more
challenging. No one thought Tullow would succeed because of my lack of
knowledge of the industry, no major backers and I was starting a company in a
country with no Oil industry”
Founder and Chief
Executive Officer Aidan Heavey explaining his company's origin's on Tullow Oil's
website
A
lot of times, you have to keep searching for something, especially when you know
it’s there and just within grasp. That's the case with Jamaica and our
on-and-off love affair with the Search for Oil, which even Television Jamaica’s Morning Time
host of Smile Jamaica Neville Bell known that we have as stated in my blog
article entitled “The
4.2 EarthQuake - Simon Crosskill and Neville Bell are Children of Fire Mountain”.
 |
Now
again, in 2014, the PCJ (Petroleum Corporation of Jamaica) has decided to
continue the Search for Oil with a new Partner, Irish Firm Tullow Oil PLC, who’ve been
selected to create composite 3D Scans of our Offshore deposits of Oil as
reported in the article “Tullow Oil To
Survey For Oil In Jamaica”, published Monday November 10, 2014 12:51 pm, The Jamaica Gleaner.
This
isn't the first time Jamaica has gone spelunking for Oil. The last time, it
was Sagres Energy of Canada who found
some 3 billion Barrels of Oil blocks 9, 13 and 14 off the Pedro Cays as
reported in as noted in my blog article entitled “Alternative
Energy and Jamaica's Oil Prospects - Carletta DeLeon, The Spy who Loved Me” and “Alternative
Energy and the Recent Oil Discovery in Jamaica - The Merchant of Venice”.
According
to Minister of Science, Technology, Energy and Mining Phillip Paulwell, Sagres
Energy of Canada was offered the option to find a drilling partner to drill for
the Oil in 2013 as stated in my blog article entitled
“Paulwell
taps Canadian Sagres to drill for Oil in 2013AD - Partner found for South Coast
Oil Boom”.
They'd
even one as far as to do a Jamaica/Colombia Environmental Baseline Survey of
the Marine Ecosystem made possible via a Joint Regime Area established by the
Maritime Delimitation Treaty (1993) between Colombia and Jamaica done back in
2011 as reported in my blog article entitled “Sagres
Energy readies for Oil Exploration Test Well by November 2014AD -
Jamaica-Colombia Environmental Baseline Survey reveals Deep Impact of Oil
Drilling”.
But
alas, Sagres Energy of Canada never found a drilling partner to unlock the Oil
within those 9, 13 and 14 Blocks off the Pedro Cays.
Tullow Oil PLC gets
License for Offshore Oil Exploration - Jamaica may re-discover Oil Yet Again as
Price is set to go up
Fast
Forward to 2014 and we’ve got an Irish company willing to re-explore our
Coastal Waters for Oil yet again as stated in “Irish
firm Tullow chosen for Oil exploration in Jamaica”, published Tuesday,
November 11, 2014, The Jamaica Observer.
 |
Tullow Oil PLC does indeed seem
impressive on paper, mainly in African countries. Or at least, so it says on their
website:
1. 147
licences
2. 66
producing fields
3. 2000
strong workforce worldwide
They
also have a decent Social Media setup, with an extensive YouTube library of
videos showcasing their company work in Africa. Of particular interest is
their Oil Exploration work in Ghana, as they’re a lot like Jamaica.
Named
after a Tullow, a small town about 35 miles south of Dublin, Ireland, Tullow Oil PLC was very cagey
about their intentions, with Tullow
Oil PLC's Head of Media Relations George Cazenove brushing aside the
Jamaica Observer’s queries with a brief email, quote: “Thank you for your
query. Alas, I am not able to comment on your story”.
So
we have an idea where they'll be doing their 3D Exploration. However, one this
is for sure; 3D Exploration involves using Radio Waves and sonar to map the
ocean floor and create detailed maps of the depth of the hydrocarbons. Since
known deposits of 3 billion barrels of Oil are in blocks 9, 13 and 14 off the
Pedro Cays, most likely they'll be re-exploring those areas.
With
the price of Oil much higher, they’ll find it easier to get a drilling partner
and extract the Oil, which they most likely can do themselves. I don't want to
get overly optimistic, but as a perennial believer in good things happening to
good people. I believe it's only a
matter of time before the price of Oil becomes so high as to make it economical
to drill, even if the Oil may be 5 to 8 km below the ocean floor.
Here’s
the link:
@TullowOilplc
Email:
info@tullowoil.com
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