Norris McDonald | Deutsche Bank, Caribbean ‘Hunger Games’ and the GOJ trust deficit!

“This exciting discovery of live oil onshore Jamaica, based on our – (CGG) – study with PCJ, builds a strong case for the island – (Jamaica) – as an attractive region for future oil exploration within the Caribbean.”

So said Sophie Zuquiyah, senior executive vice president, Geology, Geophysics Reservoir, of CGG Geo Consulting. Zurquiyah was reporting on a joint study done with the Petroleum Corporation of Jamaica (PCJ).

This ‘Robertson Study’ (Red Book) examined Jamaica’s onshore and offshore oil potentials. “Oil and gas have been seen in ten of the eleven wells drilled to date,” a February 20, 2018 new release in Paris, France from CGG said.

WHY THE PANIC?

The PCJ has more explanation to do. In fact, the PCJ commissioned “a multi-client study” with CGG GeoConsulting in 2018 entitled, ‘The Geological Evaluation of Jamaica’, to be submitted to investors.

In my article in the Sunday Gleaner on May 12, 2019, titled

... read more at: http://jamaica-gleaner.com/article/commentary/20190517/norris-mcdonald-deutsche-bank-caribbean-hunger-games-and-goj-trust

Leave a Reply