The contract itself may not set the pulse racing: La Brea’s Tofco has been given the go ahead to build the jacket for bpTT’s Cassia C offshore development – a welcome but much smaller contract than the Juniper project a few years ago, when both the jacket and the topside were built in T&T.
As I am sure that all of us in this room are all too aware, one of the major barriers facing small contractors and service companies wanting to do business with international oil and gas companies is meeting the high safety, health and environmental standards that they demand from all their suppliers.
Jamaica, often regarded for its sun sand and sea, has been undergoing a major shift in Jamaica’s oil and gas exploration since 2006 with the signing of contracts to acquire in the vicinity of 15,000 line kilometres of 2D seismic offshore Jamaica. Once acquired and processed, this updated seismic data allowed for the transition of play concepts found onshore to be mapped and extended into the offshore environs. This evolution of the Jamaican geology generated interest from various operators that derived clastic and carbonate plays offshore being charged by both Cretaceous and Tertiary source rocks.
According to a report in Upstream, U.S. player, Kosmos Energy, has drilled a second duster off Suriname at the Pontoenoe-1 wildcat in Block 42. The well will now be plugged and abandoned, and the well results integrated into the ongoing evaluation of the remaining prospects in Kosmos’ acreage position.