Why Tullow Oil switching to 3D seismic surveys as Oil discovery is imminent

Looks like an offshore Oilfield discovery may be on the horizon.

This as Tullow Oil has shifted from a 2D to a 3D seismic surveys as noted in the article “Search For Oil In Jamaican Waters Intensifies”, published Thursday October 5, 2017, The Jamaica Gleaner.

This announcement was made by Energy Minister Dr Andrew Wheatley during the official opening of the inaugural Natural Gas Conference in New Kingston on Wednesday October 4, 2017.

Tullow Oil has certainly made a lot of progress since discovering signs of oil in 10 of the 11 onshore and offshore wells drilled in Jamaica as announced in early February 2017 as noted in my blog article entitled “Why Tullow Oil’s live Oil seep means Jamaica an Oil Producing Nation in 2017”.

This may signal to other oil exploration companies that oil may be in Jamaica. It may thus make them more willing to pay the Jamaican government to explore the additional 20 offshore blocks. Also, expect a major Oilfield discovery in 2018.