Resource Report Indicates 2.4 Bbbl of Oil in Offshore Jamaica License Area
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Drilling Activity Summary
Description
A new prospective resource report for United Oil & Gas by Gaffney Cline & Associates indicates unrisked, mean prospective resources of more than 2.4 Bbbl of oil across 11 prospects and two leads in the Walton Morant license in offshore Jamaica. The report noted that the gross, unrisked mean prospective resource estimate for the Colibri Prospect is 406 MMbbl, which was compiled with an updated reservoir model based on a prestack depth migration study from a 3D seismic data set acquired and processed in 2018 to 2019. Dublin-based United is the 100% equity holder and operator of the Walton Morant license, which covers about 22,000 sq km. Eleven wells have been drilled to date, nine onshore and two offshore, with 10 having hydrocarbons shows.
Description
A new prospective resource report for United Oil & Gas by Gaffney Cline & Associates indicates unrisked, mean prospective resources of more than 2.4 Bbbl of oil across 11 prospects and two leads in the Walton Morant license in offshore Jamaica. The report noted that the gross, unrisked mean prospective resource estimate for the Colibri Prospect is 406 MMbbl, which was compiled with an updated reservoir model based on a prestack depth migration study from a 3D seismic data set acquired and processed in 2018 to 2019. Dublin-based United is the 100% equity holder and operator of the Walton Morant license, which covers about 22,000 sq km. Eleven wells have been drilled to date, nine onshore and two offshore, with 10 having hydrocarbons shows.