United Oil & Gas plc has pressed on with “substantial” preparations ahead of non-invasive offshore surveys on its 100% owned Walton Morant licence, Jamaica.
FARM-IN
Completed work includes design of the surveys and operational planning for piston coring and seabed mapping.
The company also has detailed interpretation of 3D seismic volumes and 2D seismic lines which will “high-grade” and optimise piston core locations.
The permitted offshore surveys will involve piston coring, multibeam echosounder bathymetry, and other data acquisition.
United soon expects final approval of a Beach licence to allow nearshore surveys.
Additional plans include evaluating the reprocessing of some existing seismic dataset to help define prospects, de-risk the project and prioritise targets across the Walton and Morant basins.
Chief executive officer Brian Larkin added that prospective farm-in partners continued to review the company’s data.
“Walton Morant contains multiple drill-ready prospects with independently assessed billion-barrel scale potential, and the recent progress on permitting reflects the practical steps being taken to prepare for future activity.
“This positions the asset more strongly for both technical and commercial advancement as we progress farm-out discussions alongside operational readiness.”