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Company seeks natural gas in Dominican Republic

Santo Domingo.- Dominican Republic’s Enriquillo Basin is the target of “rigorous development activities” aimed at locating a large accumulation of natural gas on the island of Hispaniola which the country shares with Haiti.

The Oil and Gas Journal website (ogj.com) reports Monday that Maleno Oil Co.’s ongoing exploration “plans for two culminations of the Boca Cachon anticline in the southwest portion of the Dominican Republic and the government’s cooperation may soon help the country achieve domestic production.”

The article signed by consultant Stephen Pierce in Palmer, Tex. notes that Maleno, whose concession is nearly 600,000 acres is “deploying an exploration program involving geologic mapping, gravimetric, seismic, and geochemical surveys, and the drilling of a well.”

“The company operates two concessions in the Dominican Republic including Murfin and Maleno, formerly known as the Enriquillo,” it said, noting that interest in hydrocarbon exploration in the Dominican Republic is based on oil seeps in the Azua basin (south) and gas seeps in the western portion of the Enriquillo basin (west).

It adds that Dominican Republic’ total dependence on imported fuel, spurs government cooperates to explore for oil and gas.

Ever since the pools of petrol were discovered in Charco Largo, Azua during the mid 1900s, successive Dominican Republic administrations have provided incentives and sought to obtain funding to find not only oil, but also gas and coal.

Source: DT

Category: DR News |

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Last updated December 5, 2016 at 5:41 PM
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