United Oil Granted License Extension for Continuation of Oil Exploration Off-Shore Jamaica

• United Oil & Gas has been granted an extension to its licence to explore oil off-shore Jamaica 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 square kilometers and could contain over 2.4Bn barrels of fuel resource, according to the company, citing an audit by Gaffney Cline & Associates. This would be more than one-fifth (1/5^th) of Guyana’s oil reserve, which is the 17^th largest in the world.
• During the license extension, United Oil and Gas will undertake additional technical studies, including piston core sampling and seismic reprocessing, to further de-risk the petroleum system and better define the prospects and leads identified on the license. Additionally, United will continue a farm-out process and re-engage with interested parties.
• United holds 100% working interest in Walton-Morant. However, it is seeking a strategic partner to support its planned work programme, including piston core surveying and seismic reprocessing.

 (Source: Oil & Gas Journal)