Government signs contract with Global Mining to explore hydrocarbons in the Cibao Basin

The Dominican Government, through the Ministry of Energy and Mines (MEM), signed a production-sharing contract with the Global Min consortium for the exploration and eventual production of hydrocarbons in the Cibao Basin, a strategic step toward the country’s energy diversification and security.

The contract was awarded through the First Oil Round, in a competitive process in accordance with the law, pending approval by the National Congress. It grants rights to operate in Blocks CB1 and CB2, located in the provinces of Montecristi, Dajabón, Valverde, Puerto Plata, and Santiago de los Caballeros, which are considered to have high potential for liquid and gaseous hydrocarbons.

Furthermore, the contractor will assume all risks, costs, and investments inherent in the operations, providing the necessary technology, equipment, and capital for the exploration and production phases. This ensures that the Dominican State allocates fiscal resources while guaranteeing the implementation of modern and efficient practices in the development of the awarded blocks.

With this signing, the Ministry of Energy and Mines strengthens its strategy to continue consolidating a national oil and gas exploration and production industry, while preparing to launch the Second Oil Round in 2026, with new available areas that will expand investment opportunities and strengthen the Dominican Republic’s energy security.

Minister Santos expressed optimism about this new project, as it represents a historic opportunity to confirm the country’s energy potential and lay the foundations for greater energy independence and security.

The official explained that, in terms of benefits, the State will receive a minimum share of 43% of total oil revenue, along with the creation of direct and indirect jobs, technical training programs for youth, and community development initiatives.

He also specified that the contract includes strict provisions for environmental protection and industrial safety, ensuring that activities are carried out in compliance with international sustainability standards. “Respect for the environment and sustainable development are fundamental pillars of our policy. The Global Min consortium will embrace this commitment at every stage of the project,” Santos added.

In this regard, Santana Reyes, representative of the consortium, highlighted the trust placed in the business group. “Onshore exploration is a costly process that requires years of diligent work to map potential resources and identify economically recoverable hydrocarbons. We are pleased to partner with the Dominican Republic and appreciate the trust placed in us to help the country manage the development of its energy potential,” he stated.

About the Ministry of Energy and Mines

The Ministry of Energy and Mines is the governing body responsible for the energy and extractive sectors in the Dominican Republic, established in 2013 by Law No. 100-13. Its mission is to formulate and administer the country’s energy and mining policies based on transparency and environmental, economic, and social sustainability. The institution effectively leads the country’s energy transition process and promotes a sustainable extractive industry with social participation.

About Global Min Consortium

Global Min is an international consortium formed by the Dominican company Global.
Min and the American company Lumina Geophysical, with a presence in Latin America and the Caribbean. The company is dedicated to the exploration and production of hydrocarbons, operating under strict standards of sustainability, industrial safety, and social responsibility, and integrating cutting-edge technology to maximize the efficiency of its operations.