Country Report

Jamaica upstream summary

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02 January 2018

Jamaica upstream summary

Report summary

Jamaica, located in the Caribbean Sea, has never produced commercial quantities of oil or gas. It 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 frontier and ...

Table of contents

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
    • Introduction
      • Central Inlier
      • Walton basin
      • Pedro Bank
      • Stratigraphy and plays
    • Stratigraphic column
    • 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
    • Oil/liquids
    • Gas
    • Oil infrastructure
    • Gas infrastructure
    • Key legislation
    • Regulatory body
    • State oil company
    • State participation
    • Licensing
    • 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

Tables and charts

This report includes 13 images and tables including:

  • Key facts: Table 1
  • Country Map
  • Geology: Image 2
  • Infrastructure: Table 1
  • Infrastructure Map
  • Fiscal terms: Table 4
  • Map of basins
  • Map
  • Fiscal terms: Table 1
  • Fiscal terms: Table 2
  • Fiscal terms: Table 3
  • Fiscal terms: Table 5
  • GEM models

What's included

This report contains:

  • Document

    Country Overview

    PDF 12.19 MB

  • Document

    Country Overview

    XLS 232.50 KB

  • Document

    Country Overview

    ZIP 12.12 MB

  • Document

    Executive summary

    PDF 677.96 KB

  • Document

    Key facts

    PDF 681.71 KB

  • Document

    Location maps

    PDF 5.40 MB

  • Document

    Key companies

    PDF 691.96 KB

  • Document

    Geology

    PDF 4.69 MB

  • Document

    Exploration

    PDF 3.39 MB

  • Document

    Reserves and resources

    PDF 669.95 KB

  • Document

    Production

    PDF 681.45 KB

  • Document

    Infrastructure

    PDF 3.39 MB

  • Document

    Policy and regulation

    PDF 718.18 KB

  • Document

    Fiscal terms

    PDF 740.27 KB