The Jamaica government says it is in the final stage of negotiations with a major oil and gas company to explore the potential for commercial oil and gas.

Science, Technology, Energy and Mining Minister, Phillip Paulwell, said that negotiations with the un-named company is scheduled to end in March, at which point a licence will be granted for exploration of the South East section of the island.

According to the Jamaica Observer, Tullow Jamaica Limited is now conducting exploratory work on the south coast of the island, which has been identified in the past as having good frontiers for exploration.

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