United receives Jamaican license extension

Jan. 25, 2024
United Oil & Gas will continue developing the offshore Jamaica Walton-Morant license after receiving an extension from regulators.

United Oil & Gas plc will continue developing the offshore Jamaica Walton-Morant license after receiving an official extension to Jan. 31, 2026, from the Jamaican Ministry of Science, Energy, Telecommunications, and Transport (MSETT).

The Walton-Morant license covers 22,400 sq km and could contain over 2.4 billion bbl of unrisked mean prospective resources including the Colibri prospect, according to the company, citing an audit by Gaffney Cline & Associates.

During the license extension, United will undertake additional technical studies including piston core sampling and seismic reprocessing, aimed at further de-risking the petroleum system and better defining the prospects and leads identified on the license. United will continue a farmout process and re-engage with interested parties.

United holds 100% working interest in Walton-Morant (OGJ Online, Nov. 24, 2021).

United’s strategy for 2024 will also focus on Waddock Cross oil field onshore UK where it holds 26.25% working interest in license PL090. During 2020, operator Egdon Resources coordinated completion of reservoir modeling work and estimates that the reservoir contains a Stock Tank Oil Initially in Place (STOIIP) gross volume of 57 million bbl, and that a new horizontal well could yield commercial gross oil production of 500-800 b/d of oil and about 1 million bbl recovery per well.