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Barbados to start exploring for offshore petroleum next year

Barbados will begin exploration for potential offshore petroleum resources next year.
 
Darcy Boyce, Barbados' Minister with responsibility for Energy, made the disclosure at a regional symposium on Strengthening CARICOM Energy Collaboration in Trinidad and Tobago last week.
 
He said Barbados had successfully negotiated exploration licences for two blocks with the Australian-based BHP Billiton and had awarded another block to the Spanish-based Repsol.
 
Mr. Boyce noted that Barbados had a substantial offshore petroleum acreage comprising more than 70,000 square kilometres.


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