Barbados Closes Licensing Round with Bids from 3 Companies

Barbados Ministry
|


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 Billiton more info
 - Total Rules Out Investing In US Shale Oil After BP-BHP Deal (Aug 27)
 - Pipe Dream? Chevron, Woodside Vie to Shape Australia's LNG Sector (Jun 15)
 - BHP Sees Faster Shale Sale in Race to Exit $10 Billion Unit (Feb 20)
Company: BP plc more info
 - Ex-Schlumberger Chief to Acquire Biggest Shale Pipe Servicer (Oct 19)
 - BP Thunder Horse Expansion in Gulf of Mexico Starts Early (Oct 18)
 - Oil Drillers' Rocky Mountain High Threatened by Colorado Vote (Oct 17)
Company: Exxon Mobil Corporation more info
 - Ex-Schlumberger Chief to Acquire Biggest Shale Pipe Servicer (Oct 19)
 - Exxon Exploration Chief Eyes Africa for Next Elephant Oil Find (Oct 18)
 - Tight Oil, Shale to Drive Majors' Output to New Highs (Oct 16)
Company: Newfield Exploration Company more info
 - Big Shale Turns OPEC Ally From Foe With Focus on Oil Returns (Dec 04)
 - Shale Drillers Show Few Signs of Slowing as Profits Expand (Aug 02)
 - $2 Billion Gulfport Buy Shows Drillers Thirsting for Next Play (Dec 15)
Company: Petrobras more info
 - Murphy Oil and Petrobras to Form Gulf of Mexico JV (Oct 11)
 - Offshore Brazil Contract Extension Goes to Transocean (Sep 28)
 - Union: Petrobras Plans To Start Reopening Replan Refinery In 48 Hours (Aug 22)
Company: Shell more info
 - Shell Exec Says Canada Pipeline Debacle Won't Affect LNG Decision (Sep 24)
 - Silvertip Subsea Contract Goes to McDermott (Aug 07)
 - Canada Crude Differential Seen Staying High As Refiners Take Downtime (Aug 03)
Company: Barbados Ministry of Energy and the Environment more info
 - Barbados Closes Licensing Round with Bids from 3 Companies (Oct 06)
 - Barbados to Launch Offshore Exploration Round June 22 (Jun 05)
 - Barbados to Launch Offshore Exploration Round June 1st (Mar 28)
Company: StatoilHydro more 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)