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United Oil & Gas Plc secures two-year extension for offshore oil exploration partnership in Jamaica

Mar 30, 2025•about 1 year ago

Contract Type

partnership

Dublin

Description

United Oil & Gas Plc has obtained a two-year extension for its Walton-Morant licence in Jamaica, providing more time to finalize discussions with drilling partners. The company emphasizes the significance of the exploration potential and aims to secure a strategic partner to invest about US$30 million for oil testing.

Company Information

Company

United Oil & Gas Plc

Location

Dublin, Dublin, Ireland

About

United Oil & Gas oil and gas company focused on growth with a portfolio of low-risk, cash generative production, development, appraisal and exploration assets across Egypt, UK and a high impact exploration licence in Jamaica. The business is led by an experienced management team with a strong track record of growing full cycle businesses, partnered with established industry players and is well positioned to deliver future growth through portfolio optimisation and targeted acquisitions. United Oil & Gas is listed on the AIM market of the London Stock Exchange. For further information on United Oil and Gas please visit www.uogplc.com

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