The U.S. company has begun Paret Petroleum geological surveys to locate oil and gas reserves off Haiti. Test wells are to be carried out from June 2011. The comprehensive test is intended to allow Haiti to improve its gross national product and budgetary shortfalls. Geologists have said according to initial studies, Haiti have more oil reserves than Venezuela and Saudi Arabia. Its proximity to the major refineries in Louisiana and the Gulf, which are only about 1,000 miles away from Haiti, the Caribbean state could develop into a Goliath of the oil-producing countries.
founder and CEO of Paret Petroleum, Emmanuel Paret, emphasized in announcing the plans. "As Americans with Haitian roots I have heard tell relatives, friends and colleagues that there is oil and gas from Haiti are Paret Petroleum and I are now with a $ 26,000,000 major project to provide evidence of this. " His company was confident that it encountered oil, investors earn a profit and Haiti will help to reduce the national debt and poverty in the country. "The exploitation of hydrocarbons overdue in Haiti, and we are the pioneers who go for the risk," Paret said. On the company website, he also announced that after three years Start-up phase before Haiti will have opened 20 oil and gas wells, from which a Minimus of five million barrels of oil a day and more than 800 million McF gas (equivalent to over 22 billion cubic meters) per day should be encouraged.
http://www.1888pressrelease.com/paret-petroleum-begins-geological-study-on-haiti-s-hydrocarb-pr-278441.html
http://paretpetroleum.webstarts.com / started
0 comments:
Post a Comment