Caribbean Journey
Jamaica's HIDDEN Billion Dollar Oil Wealth Exposed (New Updates)
United Oil & Gas confirmed the presence of thermogenic hydrocarbons, including butanes and pentanes, in select cores from the Walton Morant licence a 22,400 square kilometre offshore block with over 7 billion barrels of unrisked mean prospective resources across 21 identified prospects. Thermogenic hydrocarbons do not form biologically. They form when organic material is buried deep enough and cooked long enough by the earth's heat to become oil. Their presence in Jamaica's offshore seabed is the most significant technical development in Caribbean petroleum exploration outside Guyana in years.
The Jamaican public has heard almost none of this.
This documentary covers the full story the geology of the Walton Morant Basin, the exploration programme conducted by United Oil & Gas (AIM: UOG), the significance of the April 2026 core analysis results, the government's approach to public communication, the terms of the Production Sharing Agreement and why they matter, and the lessons from Guyana, Trinidad and Tobago, Venezuela, and Norway that Jamaica must learn before any commercial discovery changes the country's economic equation permanently.
Jamaica spends over US$1.3 billion on fuel imports annually. Its electricity costs are among the highest in the Western Hemisphere. The island's diaspora an estimated 4 million people in the UK, US, Canada, and across the Caribbean sends home approximately US$4 billion every year in remittances, more than tourism earns. What happens with Jamaica's offshore oil directly affects all of it.
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💬 Comment below: If Jamaica confirms a commercial offshore oil discovery, do you trust the current government to manage those revenues in the public interest? What would need to change first?
TOPICS COVERED IN THIS DOCUMENTARY:
— The Walton Morant Basin: geology, size, and prospective resource estimate
— United Oil & Gas: who they are, what they have done, and what comes next
— The 2026 Seabed Geochemical Exploration programme: 42 cores, thermogenic
hydrocarbons confirmed
— What thermogenic hydrocarbons mean for Jamaica's exploration case
— The Production Sharing Agreement: why the undisclosed terms matter
— The Petrojam scandal and its effect on government credibility
— Guyana's Stabroek Block: the Caribbean precedent and the contract lesson
— Trinidad and Tobago: the resource dependency warning
— Venezuela and Nigeria: what the resource curse looks like at full scale
— Norway's Government Pension Fund Global: the institutional success model
— Jamaica's diaspora and the US$4 billion remittance connection
— What a sovereign wealth fund framework would need to look like for Jamaica
— The farm in process: how drilling gets funded and what Jamaica needs to attract
a partner
0:00 Jamaica’s Billion-Dollar Oil Secret
1:12 7 Billion Barrels: The Geological Case
3:08 Who Is United Oil and Gas?
5:20 The Permitting Delay Costing Jamaica
6:45 Government Silence After Petrojam Scandal
8:30 Guyana vs. Trinidad: Regional Warnings
11:15 Venezuela & Nigeria: The Curse Is Real
13:00 Norway Got It Right Here’s How
14:10 The Hidden Contract Nobody’s Seen
16:20 What the Diaspora Stands to Lose
17:45 Jamaica’s Window Is Closing
LEGAL DISCLAIMER:
This documentary is produced for informational and educational purposes only. All facts, statistics, names, and claims presented are drawn from publicly available sources, corporate regulatory disclosures, and named media organisations, cited above. Caribbean Journey does not hold any financial interest in United Oil & Gas PLC or any other entity referenced in this video.
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Published May 30, 2026