American Company to Explore for and Exploit Oil & Gas in the Dominica Republic

• The Ministry of Energy and Mines (MEM) awarded Apache Dominica Republic Corporation, a subsidiary of the U.S Apache Corporation, an offshore block in the San Pedro De Macoris basin for the exploration and exploitation of oil and gas. The award was delivered at the country’s first auction to develop the hydrocarbon industry.
• Apache Corporation is an oil and gas exploration and Production Company with operations in the United States, Egypt, and the United Kingdom, which in the third quarter of 2019 reported a daily production of 451,000 barrels of oil equivalent (BOE).

(Source: Dominica Today)