May 2016: The Black Belly offshore exploration block has been awarded to Repsol. Barbados launched its offshore licensing programme in 2007. The Black Belly Block is off the west coast.
Apr 2015: BHP Billiton has finally signed licences for 2 offshore blocks, Carlisle Bay and Bimshire, SE of the island in waters ranging from 1,200 to 2,000m. The first 3-year exploration phase includes a 2D seismic survey with an optional 3-year second phase for a 3D seismic survey, and an optional 2-year third phase to drill wells.
No significant news in 2014.
No significant news in 2013.
Nov 2012: Barbados will award offshore oil drilling licences to BHP covering the Carlisle Bay and Bimshire blocks. New offshore petroleum legislation has paved the way for oil exploration. The government has received several offers to purchase seismic data and undertake speculative seismic surveys. Barbados opened its exclusive economic zone for oil and gas exploration to qualifying oil companies in 2008.