Dr. Andrew Wheatley
The Government is expressing hope that the two oil seeps found recently near Jamaica will assist in boosting the country's Gross Domestic Product (GDP).
Speaking Thursday morning at the Petroleum Corporation of Jamaica, Energy Minister Dr. Andrew Wheatley, said the search for oil in Jamaica continues.
He said it was surprising that the oil seeps were found on the North Coast and not the South Coast as expected. Still, he was quick to point out that the seeps are inland, and as such, tourism on the North Coast will not be affected.
"We will approach that with cautious optimism because if we should actually find that gold (oil), you will see quite a bit of economic activities and I must say that we are on par and good pace right now as it relates to our economic development and growth target, but that will act as even more of a catalist to ensure that we achieve real growth," he purported.
He was speaking at the renaming of Petrojam's administrative building the Edward Seaga Building.
Earlier this week, the Petroleum Corporation reported more promising evidence in the search for oil in Jamaica's waters.
It said a geological study it recently conducted with the integrated geoscience company, CGG Robertson of the United Kingdom, revealed further encouraging signs for possible petroleum potential onshore and offshore Jamaica.
The investigations, which were carried out over an 18-month period, discovered two independent live oil seeps in different sections of Jamaica's oil blocks.