Grenada's PM confirms commercial viability of oil and gas find
Created : 12 March 2018
One day before Grenada's general election, Prime Minister Keith Mitchell announced that a recent oil and gas find off the coast of Grenada has commercial value, a 'game changer' for the Caribbean island.
According to Now Grenada, Mitchell said results from preliminary assessments have shown that oil discovered in Grenada's marine territory is of 'huge commercial quantities'.
"We can now confirm that we have found oil and gas in huge commercial quantities. Grenada is now on its way to becoming a major oil-producing country."
"So when we say we shall become the dominant Caribbean economic powerhouse in 10 years - this is neither pipe dream nor idle boast," he said at a campaign rally earlier this week.
Mitchell said so far, one well has been discovered with millions of cubic feet of gas along with the potential for several more wells to be drilled.
"This, sisters and brothers, is a game changer," he said.