BHP Billiton (NYSE: BHP), Windward (Barbados) Exploration and Production, and Jupiter Petroleum have submitted offers to Barbados' energy and environment ministry for this year's offshore oil and gas licensing round.
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The government is offering 24 blocks that span 65,248km2 in total. The smallest block covers 790km2 and the largest 5,025km2.
Interviews will begin on October 20 and recommendations will be submitted to cabinet on November 6. Winners are due to be announced on November 20, the ministry said.
There is no offshore E&P in Barbados underway and the Barbados National Oil Company (BNOC) produces upward of 1,000b/d from onshore fields. BNOC sends the crude to Trinidad & Tobago to be refined, after which it is brought back to Barbados.
The 1,000b/d represents roughly 15% of Barbados' fuel requirements, the rest of which are imported.
Francesco Sinibaldi - 10/4/2008 16:22:12
The sun that always shines.The spring watergives me aparticular feeling,the purple appearancein the heart of abeautiful landscape