Petrobras Eyes Jamaican Offshore Oil

Brazilian state oil company Petrobras is considering to explore oil off the coast of Jamaica.

Currently, of the 20 offshore and four onshore blocks, each 2,500 square kilometres, eight offshore blocks are under licence.

These are split between two companies, Finder Exploration from Australia (five blocks) and Rainville Energy from Canada (three blocks).

Petrobras was examining the remaining block, Phillip Paulwell, Minister of Industry, Technology, Energy and Commerce