The Jamaican target looks very good and probably one of the best oil play *potentials* around
The problem seems to be getting a accurate target to hit. With a better than the present 1 in 30 miss rate for oil drills. GOP is touting BHP FALCON TECHNOLOGY as a way to more accurately define a target particular their rendition/updated software
Ten of the 11 wells previously drilled in the Walton Basin encountered hydrocarbons but the target selection was hampered by poor seismic data quality because of obstruction by sea-floor carbonates. A Falcon survey has been flown and drill targets will be generated by the end of the year.
It's not just the GOP/Finder joint venture that wants to give Jamaica's offshore oil potential a work over. Brazilian giant Petrobras said recently it was interested in taking up some acreage. Under its Falcon agreement with GOP, our own giant, BHP Billiton, is already there.
GOP
gippsland offshore petroleum limited
