Thursday, March 18, 2004

Bdos: The key to the fishy oil dispute with T&T?

LOCAL crude oil reserves will increase by 400 000 barrels and natural gas by eight million cubic feet with the drilling of six wells in Phase 2 of Barbados National Oil Company Limited’s (BNOCL) drilling programme.

This was disclosed yesterday by Minister of Energy Anthony Wood at the start of the programme at Lower Greys, Christ Church.
While the focus had always been in Woodbourne, Wood said it was now necessary to find new areas.

The planned exploration well recognised that the fields in that area were in production for several years and were declining, Wood added.


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