The search for oil in Grenadian waters is set to begin within months. Prime minister and minister of energy, Dr Keith Mitchell announced in a national address on Thursday night that an oil exploration campaign is to start.
Mitchell said the Global Petroleum Group (GPG), to which the government of Grenada has granted authorization to conduct a seismic survey on the island, has identified “the most prospective geographical features offering greatest exploration and economic potential”.
At present, Grenada does not produce any oil.
“Their achievements to date represent the furthest any company conducting petroleum exploration in Grenada has ever reached – and the quest continues, with future prospects in sight,” Mitchell said.