Country Report

Barbados upstream summary

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02 January 2018

Barbados upstream summary

Report summary

Barbados is an island nation located in the Caribbean within the Lesser Antilles. It is a constitutional monarchy, with the Queen of Great Britain as head of state and executive power wielded in practice by the prime minister. Barbados has a small population, is considered to be relatively stable politically, and offers investors an attractive set of fiscal terms. However, the country is still developing the regulatory framework and oversight capacity to properly manage the hydrocarbon ...

Table of contents

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
    • Introduction
    • The Barbados Ridge
    • The Tobago Trough
    • The Barbados Trough
    • Key plays
    • Stratigraphy
    • Licensing
      • 2008 offshore licensing round
      • 2015 offshore licensing round
    • Drilling
      • Drilling activity
      • Onshore
      • Offshore
  • Reserves and resources
    • Oil/liquids
    • Gas
    • Introduction
    • Oil infrastructure
    • Gas infrastructure
    • Key legislation
    • Regulatory body
    • State oil company
    • State participation
    • International boundaries
    • Maritime border dispute with Trinidad and Tobago
    • Maritime border dispute with Venezuela
    • Western maritime boundaries
    • Licensing
    • Licence types
    • Exploration licence durations
    • Domestic market obligation
    • Abandonment
    • 2008 award criteria
    • Local content
    • Overview
    • Current fiscal terms
    • Bonuses, rentals and fees
      • Signature bonuses
      • Application fees
      • Area Fees
      • Training fees
      • Coastal, Marine and Environmental Research Fee (CMERF)
    • Royalty and other production taxes
      • Royalty
      • Additional profits tax
    • Corporate (or petroleum) income tax
      • Tax rate
      • Fiscal/contractual ring fences
      • Carry forward of losses
      • Deductibles and depreciables
      • Other taxes
    • Sample Cash Flow
      • Methodology
      • Marginal Government Take Calculation

Tables and charts

This report includes 8 images and tables including:

  • Key facts: Table 1
  • Country Map
  • Map of Basins
  • Stratigraphic column
  • Fiscal terms: Table 1
  • Barbados Block Map
  • Fiscal terms: Table 2
  • GEM Model

What's included

This report contains:

  • Document

    Country Overview

    PDF 10.74 MB

  • Document

    Country Overview

    XLS 119.50 KB

  • Document

    Country Overview

    ZIP 10.67 MB

  • Document

    Executive summary

    PDF 675.81 KB

  • Document

    Key facts

    PDF 681.35 KB

  • Document

    Location maps

    PDF 5.40 MB

  • Document

    Key companies

    PDF 692.63 KB

  • Document

    Geology

    PDF 3.28 MB

  • Document

    Exploration

    PDF 3.36 MB

  • Document

    Reserves and resources

    PDF 672.19 KB

  • Document

    Production

    PDF 687.20 KB

  • Document

    Infrastructure

    PDF 687.80 KB

  • Document

    Policy and regulation

    PDF 721.76 KB

  • Document

    Fiscal terms

    PDF 723.32 KB