“The process is ongoing, as it could take a number
of years from signing a contract to someone saying they believe that there is
something they would want to spend money to explore,”
Manager of Oil
and Gas at the PCJ, Brian Richardson, commenting on the progress of Tullow Oil
Jamaica's latest Bathymetric Survey
Jamaica will soon know if we have exploitable
deposits of Oil and Gas off our coastal waters.
This as the Jamaican subsidiary of Tullow Oil PLC,
Tullow Oil Jamaica Limited, has completed their preliminary seismic survey as
reported in the article “Seismic
survey for Oil in Jamaica completed”, published Thursday, June 02, 2016, The Jamaica Observer.
Tullow Oil, a Dublin, Ireland based company with
offices in the UK, had begun the initial survey in February 2016 as reported in
the article “Tullow
conducts seismic surveys off south coast”, published Wednesday, February
24, 2016, The Jamaica Observer and
had completed their survey in early March 2016.
Their survey involves the use of mini-submarine to
do what's called an underwater or bathymetric survey as described by Manager of
Oil and Gas at the PCJ, Brian Richardson. In his update on the project on
Wednesday June 1st, 2016, he described the bathymetric survey as
being equivalent to taking pictures below the seabed offshore Jamaica using
sound waves, which is basically active sonar.
The survey ship as show in the image tows a
mini-submarine which releases a sound wave.
These sound waves bounce off the seafloor, which are
then detected and recorded by hydrophones. Using computer algorithm, the survey
tama can generate an image of the rock layers and formation that indicate areas
where Oil and Gas deposits may have accumulated over millions of years.
This somewhat similar to the bathymetric survey that
that had done in July 2015 when they'd surveyed some 32,000 square kilometer of
the Walton and Morant basins as reported in my blog article
entitled “Tullow
Oil's Walton and Morant Basins Bathymetric Survey – Why @TullowOilplc still
interested in Jamaican Oil Exploration”.
So what progress has been made Tullow Oil Jamaica
Limited?
Tullow
Oil Jamaica's Active Sonar Survey - Export Oil by 2025 as Jamaica switches to
Biodiesel
Tullow Oil has been in Jamaica since November 2014.
They had gotten a twenty five (25) year Oil
Exploration license in partnership with the GOJ (Government of Jamaica) to
search for Oil off out coastal waters as reported in my blog article
entitled “@TullowOilplc
gets License for Offshore Oil Exploration - 3 Billion Barrels of Oil for
Jamaica to re-discover as Price set to Boom by 2017”.
This latest bathymetric survey, the second released
to the public to date, will be followed up by more detailed bathymetric surveys
of smaller areas of the seabed to get higher resolution images of areas of
interest.
Hopefully Tullow Oil Jamaica, which is partially
funded by GOJ (Government of Jamaica) and the Private Sector who are hedging
their bets on more expensive Oil in the future as noted in my blog article
entitled “Why
Jamaican Private Sector funding Oil Exploration by Tullow Oil for US$300 per
barrel in 2020”.
By then, it's hoped that the PCJ would have
developed a biofuel industry based on recycling organic material such as recycled Cooking Oil and organic
waste such as dead animals and plants as explained in my blog article
entitled “Why
Biodiesel and Hydroelectric Power at PCJ's Alternative Energy Expo a must
before 2020”.
This will be the single greatest discover in the
history of Jamaica in the next five (5) to ten (10) years, as this will
generate huge revenues from export.
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