The Dominican Republic is considered a frontier region with promising potential for the upstream oil and gas industry, mainly because of its geological setting and the long-known presence of crude in the subsoil. Despite this opportunity, historically the country has seen little or no activity in the exploration and production hydrocarbons sector.
Although the exact amount of national oil reserves remains unknown (and production has not yet started), there are currently four frontier basins of interest in the Dominican Republic, namely: the Cibao Basin, the Enriquillo Basin, the Azua Basin and the San Pedro de Macorís Basin.
