$12,000,000

Jamaica Walton-Morant Block

United Oil & Gas Plc are seeking a partner to help accelerate the exploration of their large, 22,400 km2 100% operated Walton-Morant Block, located offshore southern Jamaica.

Only 11 wells have been drilled in the country to date; 9 onshore and just 2 offshore, all drilled between 1955 and 1983. None of these wells are now interpreted to have tested valid structures, although all contained hydrocarbon shows. Prior to United joining the licence, various vintages of pre-existing 2D seismic were combined and reprocessed, with 3,650 km of new 2D data acquired in 2016 and 2017. This helped further delineate and unlock the potential of the Walton Basin in the west and Morant Basin in the east of the acreage and led to the acquisition of 3D seismic over the Walton Basin ‘sweet spot’ in 2018.

Details

Asset Name : Jamaica Walton-Morant Block
Ref : CA-JAM-Walt
Continent : North America
Country : Jamaica
Location : Offshore
Project Phase : Exploration
Latitude : 17.8
Longitude : -77.8
Operator : United Oil & Gas Ltd
Farmout company : United Oil & Gas Ltd
Mandated Agent : Envoi Ltd
Work Programmes : Drilling
Equity Offered : 60 - 80%
Deal Status : Open
Consideration Sought : $12,000,000

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