BHP Billiton About to Strike it Big after being choosen to explore for oil, or gas in Barbados.
BHP Billiton is about to become a household name in Barbados as the company is about to make a major oil find in Barbados, which is expected to elevate the economy of Barbados.
According to nationnews.com, Chris Sinckler, Barbados' Minister of Finance, said in New York that Government has chosen BHP Billiton to explore for oil or gas.
In 2009 Barbados had started negotiations with BHP Billiton, the company was awarded offshore blocks Carlisle Bay (2,498km2) and Bimshire (2,506km2).
Barbados had planned to open as many as 26 blocks for exploration. The 26 blocks provided for oil and gas exploration in Barbados were named after common entities of the Barbadian landscape.
These include "Road Tennis", "Six Mens", "River Bay", "Speightstown", "Black Belly", "A-Moses", "Green Monkey", "Mullins Bay", "Holetown", "Bridgetown", "Bajan Cherry", "Bathsheba", "Pelican", "Paynes Bay", "Oistins", "Carlisle Bay", "Kensington", "Man Jack", "Flying Fish", "Bimshire", "Chattel House", "Steel Donkey", "R4162 Sugar Cane", "Tuk Band", "Crane Bay", and "Bottom Bay".
It was later discovered by Barbadosfreepress that two of the blocks were in Venezuela's waters, and were removed from the list. These two were the "Oistins", and "A-Moses" blocks.
BHP Billiton is a global mining and oil and gas company headquartered in Melbourne, Australia and with a major management office in London, United Kingdom. It is the world's largest mining company measured by revenues and, as of February 2011, the world's third-largest company measured by market capitalisation. (wikipedia)
BHP Billiton is no stranger to the Caribbean as it has operated in the twin island Republic of Trinidad, and Tobago.