Project Profile
Value: Undisclosed
Location: approximately 40 kilometres southeast of the island nation, Barbados
Reserves: unknown
Area: 5,000 square kilometres
Depth: from approximately 1,200 to 2,000 metres
Start-up Year: -
The Government of Barbados and BHP Billiton signed exploration licences for two offshore blocks, Carlisle Bay and Bimshire. These blocks are approximately 40 kilometres southeast of the island nation, total about 5,000 square kilometres and are located in waters ranging from approximately 1,200 to 2,000 metres in depth. Upon approval by the Government of an environmental impact assessment and environmental plan, BHP Billiton will start the first three-year phase, which includes conducting a 2D seismic survey on the two exploration blocks. With favourable results, BHP Billiton may enter an optional second phase of three years to perform a 3D seismic survey, followed by an optional third phase of two years to drill exploration wells.
Operators:
BHP Billiton: Operator with 100% interest