Country report
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17 Pages

Barbados upstream summary

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 ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 549.12 KB 17 Pages, 4 Tables, 4 Figures
  • Country Overview XLS - 191.00 KB


Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
  • Geology
    • Introduction
    • The Barbados Ridge
    • The Tobago Trough
    • The Barbados Trough
    • Key plays
    • Stratigraphy
  • Exploration
    • Licensing
      • 2008 offshore licensing round
      • 2015 offshore licensing round
    • Drilling
      • Drilling activity
      • Onshore
      • Offshore
  • Reserves and resources
  • Production
    • Oil/liquids
    • Gas
  • Infrastructure
    • Introduction
    • Oil infrastructure
    • Gas infrastructure
  • Policy and regulation
    • 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
  • Fiscal terms
    • 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

In this report there are 8 tables or charts, including:

  • Executive summary
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Country Map
  • Key companies
  • Geology
    • Map of Basins
    • Stratigraphic column
  • Exploration
    • Barbados Block Map
  • Reserves and resources
  • Production
  • Infrastructure
  • Policy and regulation
  • Fiscal terms
    • Fiscal terms: Table 1
    • Fiscal terms: Table 2
    • GEM Model
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