Dominican Republic announces its first licensing round with onshore and offshore blocks open for investment

Dominican Republic announces its first licensing round with onshore and offshore blocks open for investment

The Dominican Republic forms part of the Island of Hispaniola, and lies within the North Caribbean strike-slip plate boundary zone. During World War II, oil production was achieved in the Maleno and Higuerito fields.  Seismic data for the Enriquillo, San Juan and Cibao Basins is held by the Ministry, and recent surface and seismic stratigraphic mapping has clarified the geological story of the area.  The existing seismic data identifies undrilled prospects in the Enriquillo basin. All information is public and available at www.bndh.gob.do/en/

Blocks on offer:

  • Cibao Basin – 6 onshore blocks 
  • Enriquillo Basin – 3 onshore blocks
  • Azua Basin – 1 onshore block  San Pedro Basin – 4 offshore blocks
  • San Pedro Basin – 4 offshore blocks

The Roadshow will take place on Wednesday 10th July, at the Hyatt Regency in the Galleria area, located in Houston, TX.  The presentations will provide an opportunity to review and discuss the exploration opportunities, the contractual and fiscal terms, and the legal framework for upstream petroleum activities in the Dominican Republic.  There will also be opportunities to meet privately with the Ministry over the following two days.  Data is available online (www.roundsdr.gob.do) and will be accessible to interested parties.

To attend the roadshow, schedule a meeting with the Ministry, or for any other information, please contact Tracey Dancy: RoundsDR@woodmac.com