Name:Walton - Morant block
Current Stage: Exploration drilling
Start:04/2016
Operator:Tullow
Interest:Tullow(80%),United Oil and Gas(20%)
Background
In November 2014, Tullow gained interest in offshore Jamaica after signing a Production Sharing Agreement for a large prospective acreage position which includes ten full blocks and one part block in shallow water to the south of the island.There have been oil or gas shows in 10 of the 11 onshore and offshore wells drilled in Jamaica to date. The offshore area to the South of the island has been identified as having good frontier exploration potential encompassing three geological provinces,Multiple leads have been identified on existing seismic data which lie in 25m to 2000m water depths.
United Oil and Gas signed an agreement with Tullow to farm-in to the Walton-Morant licence at a 20% equity interest. Tollow got a nine-month extension to the licence term. It enabled Tullow to commence a 3D survey in April 2018.
Following the completion of a drop core and seep study in the Walton Morant blocks and 3000km 2D seismic in 2016, Tullow acquired a further 667 km of 2D seismic data in 2017. Tullow entered into the next phase of the Walton Mourant license in October 2017 and will acquire a 2100 sq km 3D survey in 2018.