The Ministry of Energy and Business of the Government of Barbados has announced the postponement of the Barbados 2022 Offshore Licensing Round, which was scheduled to commence on December 1, 2022. The Offshore Licensing Round will now be launched in Q1, 2023.
Based on the fact that several companies have requested additional time to evaluate acreage and data, the Government of Barbados has made the difficult decision to postpone the licensing round for this short period to satisfy those requests, and to complete critical amendments to the legislative and licensing frameworks that will allow the country to improve efficiency and ease of doing business within the sector.
Barbados continues to be encouraged by the sustained interest shown in its offshore acreage and remains staunchly committed to partnering with industry pioneers to realise its offshore petroleum potential.
The Government of Barbados sincerely apologises for any inconvenience caused and welcomes further engagement, collaboration, and discourse with the industry on matters relating to the licensing round. Pertinent requests, queries and comments may be forwarded to the Ministry of Energy and Business’ official licensing round email address: barbadosoffshore@energy.gov.bb.
Source: Ministry of Energy and Business of the Government of Barbados
