Government optimistic of oil and gas discovery

Prime Minister, Dr. Keith Mitchell has said that government is cautiously optimistic about the possible discovery of Natural Gas in Grenada’s territorial waters.

The search for oil and gas began in August by the Russian Outfit, Global Petroleum Group (GPG) which was authorised by government to conduct Seismic Survey to get deeper knowledge and a clearer understanding of the precise location, extent, and shape of the prospective geological features within specific blocks of Grenada’s Maritime Territory.

A story in Trinidad Guardian newspaper dated September 21st, 2017 said that natural gas was found by GPG.

According to the article, the discovery was made closer to Grenada’s border with Venezuela.

Addressing reporters at the weekly post-Cabinet Press Briefing at the Ministerial Complex on Tuesday, Prime Minister Mitchell said that the findings are now being tested.

“Some findings are now being tested for the quality and quantity. So, I am cautiously optimistic but in life you don’t count your chickens before you know what”, he said.

According to Dr. Mitchell, if the findings are favourable, this should have significant benefits for the country.

“All of us should pray as much as possible that Grenada finds sufficient gas and sufficient oil and that would mean the betterment for all Grenadians as a whole…”, he said.

“In any event even if you find gas and oil, you will take some time before you start to really benefit from the findings, so we still have to be careful about that”, he added.

PM Mitchell also accused some persons in the country of trying to use the reports of the discovery of oil and gas to influence public officers to seek large sums of money in the ongoing impasse with the regime.

He said: “I heard some people announcing that we found billions of dollars of gas, so encourage public servants to ask for billions.

Public officers have resorted to limited industrial action to force government to honour its commitment to give them a financial package for the “sacrifices” made during the 3-year duration of the Structural Adjustment Programme (SAP).

The officers were subjected to a wage freeze as the Mitchell-led New National Party (NNP) worked closely with the Washington-based International Monetary Fund (IMF) to tackle a severe fiscal problem facing the country.

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