Barbados Closes Licensing Round with Bids from 3 Companies

The Barbados Licensing Offshore Round, which began promotion in 2007, came to a close on September 30, 2008 with bids submitted by three companies.

During the program 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 utilization of the Energy Division's Data Room for closer evaluation of Barbados' offshore seismic and prospectivity data.

Some of these large 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 of these passed the initial screening.

These were:

  • BHP Billiton
  • Jupiter Petroleum Ltd.
  • Windward (Barbados) Exploration and Production Ltd.
  • Newfield

On the closing date of September 30, 2008, three companies made bid submissions. Companies, who had previously shown interest, indicated that their last minute non-submission was not due to quality of the prospects but rather the recent economic upheaval in the US market and worldwide fiscal uncertainty.

The three companies who submitted bids were:

  • BHP Billiton
  • Windward (Barbados) Exploration and Production
  • Jupiter Petroleum Ltd.
Related Companies
 Company: BHP Billitonmore info


 - BHP Billiton Cuts Petroleum CAPEX by 44% in FY2017 to $1.4B (Jul 20)
 - BHP Billiton to Invest $900M in Oil, Copper Exploration in FY17, Up 18% YOY (Jun 27)
 - Exxon, BHP Examining Sale of Joint Australia Oil and Gas Assets (Jun 15)
 Company: BP plcmore info


 - SapuraKencana Secures $126M EPCI Contract for the TANAP Project (Jul 28)
 - Saipem Bags 2 Contracts for Indonesia's Tangguh LNG Expansion Project (Jul 28)
 - South Africa Oil Workers' Strike Could Hit Refineries (Jul 27)
 Company: Exxon Mobil Corporationmore info


 - Iraq Seeks Exxon, Petrochina Help to Develop Two Oil Fields (Jul 27)
 - Oil Majors Lost One Engine; Now The Second One Is Sputtering (Jul 27)
 - Exxon's South Pacific Gas Grab Derided By InterOil's Founder (Jul 26)
 Company: Newfield Exploration Companymore info
 - Newfield Exploration to Cut Jobs in Tulsa, Move Workers to Houston Area (May 12)
 - Key to Surviving the Oil Bust: Beware Bankers Bearing Cheap Debt (Jan 26)
 - E&P Oil Firms Using Stock Sales To De-Lever (Feb 27)
 Company: Petrobrasmore info


 - Petrobras to Reduce Role in Brazil's Natural Gas Industry (Jul 26)
 - Keppel Sees Prolonged Dearth Of Oil-Rig Orders Amid Glut (Jul 22)
 - In Brazil, Another Shipyard Goes Bust As Work Returns To Asia (Jul 18)
 Company: Shellmore info


 - Shell CEO Says Interested In Yuzhno-Kirinskoye Field (Jul 11)
 - Indonesia's Upstream Investment Appeal Fades (Jun 20)
 - Niger Delta Militants Reject Offer Of Talks, Blow Up Chevron Well (Jun 8)
 Company: Barbados Ministry of Energy and the Environmentmore info
 - Barbados Closes Licensing Round with Bids from 3 Companies (Oct 6)
 - Barbados to Launch Offshore Exploration Round June 22 (Jun 5)
 - Barbados to Launch Offshore Exploration Round June 1st (Mar 28)
 Company: StatoilHydromore info


 - Samsung Heavy Industries Lands Statoil FSU Construction Contract (Sep 14)
 - First Movers in Eco-Drilling: Going 'Dope'-less (Apr 25)
 - StatoilHydro Delays Hammerfest LNG Start Up (Nov 23)
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles

From the Career Center
Jobs that may interest you
Project Manager
Expertise: Project Management
Location: Marietta, GA
 
Bioremediation Sales
Expertise: Business Development|Sales
Location: Austin, TX
 
Assistant Project Manager
Expertise: Budget / Cost Control|Civil Engineering|Project Management
Location: Los Angeles, CA
 
search for more jobs

Brent Crude Oil : $42.7/BBL 1.77%
Light Crude Oil : $41.14/BBL 1.83%
Natural Gas : $2.87/MMBtu 7.49%
Updated in last 24 hours