Country report
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20 Pages

Jamaica upstream summary

Jamaica upstream summary

Report summary

Jamaica, located in the Caribbean Sea, has never produced commercial quantities of oil or gas, and therefore imports the vast majority of its energy needs. Although the first exploration well was drilled in 1955, the country, including its surrounding maritime area, is under-explored with only 11 wells drilled to date (10 of which encountered hydrocarbons shows). With the last well drilled in 1982, the government wants to see a resumption of exploration drilling. Jamaica's acreage is ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 813.20 KB 20 Pages, 8 Tables, 5 Figures
  • Country Overview XLS - 375.50 KB


Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
  • Geology
    • Introduction
      • Central Inlier
      • Walton Basin
      • Pedro Bank
      • Stratigraphy and plays
    • Stratigraphic column
  • Exploration
    • Licensing
      • 2005 licensing round (1st official bid round)
      • 2007 informal licensing round
      • 2010-2011 licensing round (2nd official bid round)
      • 2014 Tullow Oil PSA
      • Joint Regime Area with Colombia
    • Drilling
      • Drilling activity
      • Activity
  • Reserves and resources
  • Production
    • Oil/liquids
    • Gas
  • Infrastructure
    • Oil infrastructure
    • Gas infrastructure
  • Policy and regulation
    • Key legislation
    • Regulatory body
    • State oil company
    • State participation
    • Licensing
  • Fiscal terms
    • Overview
    • Current fiscal terms
    • Production sharing agreements (PSAs)
      • Contract length
    • Royalty and other production taxes
      • Royalty
    • Contractor revenue entitlement
      • PSA cost recovery
      • PSA profit sharing
    • Corporate income tax
      • Tax rate
      • Taxable income
    • Deductibles and depreciables
    • Bonuses, rentals and fees
      • Signature bonuses
      • Production bonuses
      • Surface rentals
      • Training fees
      • Other bonuses and fees
    • Indirect taxes
      • VAT/Sales taxes
      • Import duties
    • Other taxes
    • Fiscal/Contractual ring-fences
    • Product pricing
      • Liquids pricing
      • Natural gas pricing
    • Sample cash flow
      • Methodology
      • Marginal Government Take Calculation

In this report there are 13 tables or charts, including:

  • Executive summary
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Country Map
  • Key companies
  • Geology
    • Map of Basins
    • Geology: Image 2
  • Exploration
    • Map
  • Reserves and resources
  • Production
  • Infrastructure
    • Infrastructure: Table 1
    • Infrastructure Map
  • Policy and regulation
  • Fiscal terms
    • Fiscal terms: Table 1
    • Fiscal terms: Table 2
    • Fiscal terms: Table 3
    • Fiscal terms: Table 4
    • Fiscal terms: Table 5
    • GEM models
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