Barbados gears up for third offshore bid round

The Caribbean island of Barbados is gearing up to launch its third offshore licensing round early next year.

Sources told Upstream that the Bridgetown-based authorities are timing the launch to coincide with heightened interest in the region generated by US supermajor ExxonMobil’s big oil finds in Guyanese waters.

Neighbouring Trinidad & Tobago is also expected to launch an acreage offering around the same time next year.