Country Report
Barbados upstream summary
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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
-
Geology
- Introduction
- The Barbados Ridge
- The Tobago Trough
- The Barbados Trough
- Key plays
- Stratigraphy
-
Exploration
-
Licensing
- 2008 offshore licensing round
- 2015 offshore licensing round
- 2022-2023 offshore licensing round
-
Drilling
- Drilling activity
- Onshore
- Offshore
-
Licensing
- 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
- 7 more item(s)...
-
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
Tables and charts
This report includes the following images and tables:
- 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:
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