Home Local News Grenada Search For Oil Set To Begin

Grenada Search For Oil Set To Begin

38
0
SHARE

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”.

“They have prepared all the engineering and logistical plans for the exploratory drilling campaign, engaged all the contractors, subcontractors and vendors necessary, and are on the verge of commencing the exploratory drilling campaign within the next month or two,” Mitchell said.
Advertisement

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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here