Offshore staff

HOUSTON -- The Ministry of Energy and the Environment of Barbados has published plans for an upcoming 2007 offshore E&P licensing round offering 20 blocks on the shelf and in deepwater areas in the Northeast Caribbean deformed belt.

The bid round will open with a presentation on June 22, 2007, in St. James, Barbados, followed by a road show on June 27 in Houston.

IHS Inc. has been enlisted as advisor for the round and will facilitate the road shows on behalf of the Ministry.

A new petroleum law, fiscal system, and petroleum regulations are being drafted in Barbados for ratification in 3Q 2007.

According to the Hon. H. Elizabeth Thompson, Minister of Energy and the Environment, "The petroleum industry has the potential to play an important role in further developing and diversifying the economy of Barbados, and is a wonderful opportunity for local and international investment and employment for our citizens."

The June 22 presentation in Barbados is open to the public, while the Houston event is open to international E&P company representatives and invited media only. Pre-registration is required for all attendees.

To register, send business credentials and complete contact details to: [email protected].

5/23/2007