Oil found in the DR?

windeguy

Platinum
Jul 10, 2004
42,211
5,966
113
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
 

LTSteve

Gold
Jul 9, 2010
5,449
23
38
.....up through the ground came a bubbling crude, oil that is, black gold........Where's Jed Clampett when you need him?
 

AlterEgo

Administrator
Staff member
Jan 9, 2009
23,097
6,247
113
South Coast

tht

Master of my own fate.
Oct 10, 2002
849
154
63
Planet Earth
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.
 

NALs

Economist by Profession
Jan 20, 2003
13,370
3,150
113
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.

[video=youtube;TWsv4Mc2ylM]https://www.youtube.com/watch?v=TWsv4Mc2ylM[/video]