Dominican Republic announces first licensing round

Source: press release, 6 June 2019

First Dominican Republic licensing round with onshore and offshore blocks open (illustration: BNDH)
First Dominican Republic licensing round with onshore and offshore blocks open (illustration: BNDH)

The Ministry of Energy and Mines of the Dominican Republic (BNDH), in partnership with Wood Mackenzie, has announced its first licensing round to open at an event in Houston on July 10th, 2019, closing in December 2019. The Ministry is offering fourteen (14) blocks, a combination of on- and offshore.

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; and San Pedro Basin, 4 offshore blocks.

The Roadshow will take place on Wednesday 10th July, at the Hyatt Regency, 2626 Sage Road, Houston, TX. Registration and coffee will be at 8.30am, with the opening address at 9.30am. 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.

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