Tullow Oil is not the company that discovered Oil, despite what you may have heard in the news.
The credit for the discovery of Oil belongs to the Fishermen who regularly fish off Pedro Banks as noted in the article “Fishermen Save Oil Survey, Says Tullow”, Published Sunday February 26, 2017 by Steven Jackson, The Jamaica Gleaner.
So says Tullow's exploration manager for the Caribbean, Jerome Kelly, in an interview with the Jamaica Gleaner on Friday February 24th 2017, quote: “At the time, fishermen - whom we engage with closely when we are doing our offshore activities - said that there were some reports of slicks of oil in the area off 'Blower Rock' area at the eastern end of the Pedro Banks”
Slatford; David Newton, the safety, sustainability and external affairs managers; and John McKenna, regional and development manager for South America and the Caribbean.
The fisherfolk near the Blower Rock at Pedro Banks northwards to Kingston city spotted an oil sheen and reported it to Tullow Oil. To their delight, instead of oil pollutant, this turned out to be oil, which led to the announcement as reported on my blog article entitled “Why Tullow Oil’s live Oil seep means Jamaica an Oil Producing Nation in 2017”.
Tullow, Oil, who had been doing Bathymetric surveys since November 2014, decided to check it out. After all, they'd been exploring some 10 blocks offshore and one part block onshore on the south of the island in vain. They could have easily given up, as they had some 18 countries in which they are currently prospecting for Oil.
In 2015, Tullow did a bathymetry survey of some 32,056 square km of the Walton Morant Blocks. a 2D seismic survey in the first quarter of 2016 followed delineate potential plays in shallow water as noted in my blog article entitled “Tullow Oil Jamaica's 2nd completed Active Sonar Survey heralds Oil Exports and Biodiesel by 2025”accumulating some 3,000km of data, which largely came up without oil evidence.
The discovery by the fishermen isn't new either; according to Jerome Kelly, the fishermen knew about it all the time, quote: “Well, the fishermen would say that they always knew about it for years, but you've just never asked us”.
So what will happen now?
Fishermen help Tullow Oil discover Oil - Drilling to commence by 2019-2020
According to Jerome Kelly, the amount of oil found was very small.
However, it is very significant, as it proved to be oil seeping to the surface, Beverley Hillbillies Style to quote Jerome Kelly: "The live oil was of a tiny amount, so it doesn't say how much is underground, nor does it say where that oil has come from, and that is why we are doing the survey”.
With this discovery, Tullow Oil can begin extensive surveys for an additional 670 kilometres in the Blower Rock at Pedro Banks northwards to Kingston city. they'll be collecting 2D data under their exploration licence with the Jamaican Government, quote: “The survey will start in March, and the median length would see it last five to 10 days”.
Pedro Keys had been chosen because other companies had not found oil offshore, albeit dry well had been found onshore back in the '70s and '80s, to quote Jerome Kelly: “It's significant enough because although oil has been identified in the wells on the island of Jamaica in the '70s and '80s, no one ever reported oil offshore”.
Even more interesting, it's live oil, not dead oil, formed as Jamaica's crust get an Earthquake as I'd predicted in my blog article entitled “The 4.2 EarthQuake - Simon Crosskill and Neville Bell are Children of Fire Mountain”.
To quote Jerome Kelly: “In Jamaica, there was evidence of dead oil in the rocks on the island and old wells back then. The live oil means that oil is being generated offshore and means that it is currently moving through the rocks underground as we speak, rather than happening millions of years ago”.
By May 2017, we'll know for sure if Jamaica has struck it rich. A 3D survey will follow. If that turns out positive, expect Tullow Oil to begin drilling with the help of the private sector as noted in my blog article entitled “Why Jamaican Private Sector funding Oil Exploration by Tullow Oil for US$300 per barrel in 2020” as early as 2019-2020.
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