At The Close Three Bids For Barbados Licensing Round

The Barbados Licensing Offshore Round which began promotion in 2007 came to a close on Sept. 30, 2008, with bids submitted by three companies, BHP Billiton, Windward (Barbados) Exploration and Production, and Jupiter Petroleum Ltd.

According to government officials, many international oil companies showed great interest in the frontier area and engaged the government of Barbados by making presentations, purchasing 2D seismic data and utilizing the Energy Division’s Data Room for closer evaluation of Barbados’ offshore seismic and prospectivity data. The companies included Borders and Southern, BHP Billiton, BP, Exxon-Mobil, Hess, Newfield, Petrobras, Shell and Statoil.
Of the companies that submitted pre-qualification documents, four passed the initial screening, BHP Billiton, Jupiter Petroleum Ltd., Windward (Barbados) Exploration and Production Ltd. and Newfield.

Companies that had previously shown interest indicated that their last minute non-submission was not due to the quality of the prospects but rather the recent economic economic upheaval in the United States and other countries.

Source – energycurrent.com

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2 Responses to At The Close Three Bids For Barbados Licensing Round

  1. Pingback: Gas Pipeline Extension To Barbados Still On Trini Cards « Bajan Global Report

  2. Pingback: Barbados BHP Billiton Finalising Offshore Contracts « Bajan Global Report

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