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Thread: Oil found in the DR?

  1. #1
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    Default Oil found in the DR?

    http://www.laht.com/article.asp?Arti...tegoryId=14092

    Caracas,
    Wednesday
    August 30,2017
    Oil Find Made in Eastern Dominican Republic

    SANTO DOMINGO – Dominican Republic authorities announced the discovery of petroleum emanations in the eastern province of La Altagracia, saying they are of a higher quality than those found earlier near the southwestern city of Azua.

    Director of Mining Octavio Jose Lopez told reporters the information was provided by residents of the small town of Higuey.

    Technicians took samples and sent them to the laboratories of GHGeochem Ltd, a company based in the northwestern English town of Bebington for analysis.

    The results indicate that the deposit is “natural, unrefined petroleum, very different from that of Azua, of higher quality.”

    The official said the find confirms “the existence of at least two active oil systems on the island of Hispaniola (which the Dominican Republic shares with Haiti) in two geographically separate geological terrains – one in the southwestern part of the island and the other in the eastern portion.”

    “This discovery boosts the importance of oil exploration in the the eastern part of the Dominican Republic, probably to the same level or (an even higher level) than that of the Azua area,” Lopez said.

    He said it can be assumed that the petroleum-generating bedrock in Higuey also is responsible for a natural gas find that a group of scientists from the Complutense University of Madrid reported last year in marine basin of the eastern province of San Pedro de Macoris.

    Lopez said field and laboratory work will continue to determine the different families of oil in the Dominican Republic.

    He said that one of his office’s immediate goals is to use this new information to reinterpret existing data and lay the groundwork for an auction of oil exploration rights in the country in 2011. EFE

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  3. #2
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    .....up through the ground came a bubbling crude, oil that is, black gold........Where's Jed Clampett when you need him?

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  5. #3
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    Quote Originally Posted by windeguy View Post
    http://www.laht.com/article.asp?Arti...tegoryId=14092
    .

    He said that one of his office’s immediate goals is to use this new information to reinterpret existing data and lay the groundwork for an auction of oil exploration rights in the country in 2011. EFE
    I tried to find the article from the link, but couldn't. Wondered if 2011 was a typo, or just an old recycled article......




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  6. #4
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    So the diesel will be cheaper!! 

  7. #5
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    Director of Mining Octavio Jose Lopez told reporters the information was provided by residents of the small town of Higuey
    Recycled news. This is the Director of Mining in the Dominican Republic in 2017.

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    cheaper diesel

  10. #8
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    Ohh God i hope there is not enough to pick the Big Oil interests

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    Quote Originally Posted by airgordo View Post
    Ohh God i hope there is not enough to pick the Big Oil interests
    Yesterday the Minister of Energy and Mines gave a press release where he clearly said that by the first quarter of 2018 the government will offer concessions to any company wishing to make some studies that would define how much oil and/or natural gas can be extracted and ready for export.


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  12. #10
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    Will it go to the people now?

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