latest news:: HOUSTON May 22, 2007 Barbados Announces 2007 Offshore E&P Licensing Round read more

The mission of the Natural Resources Division of the Ministry of Finance, Economic Affairs and Energy is to promote the development of all local natural resources, situated both on-shore and within our marine jurisdiction, including the Exclusive Economic Zone, in an economically and environmentally sustainable manner.

Currently the island´s known tangible natural resources are its onshore oil and gas reserves and its industrial minerals of sand, clay and limestone.

The effective management of Barbados´ natural resources is a continuous process; however the Natural Resources objectives are mainly:

  • To identify and quantify the island´s onshore and offshore natural resources
  • To prepare programmes to encourage the exploitation of these resources
  • To provide a regulatory framework which will allow for the orderly and sustainable development of these resources and for the optimum benefit to the country

The headquarters of the Natural Resources Division is located in Bridgetown at Musson Building, Hincks Street.

The Minister responsible for Energy is Senator The Honourable Darcy W. Boyce, Minister of State in the Ministry of Finance.

Mr.William Layne is the Permanent Secretary and administers the business of the Energy Division.

The Natural Resources Division is headed by Mr. André Brathwaite, Director.

New Bid Round Schedule
schedule to be announced

Bid submission deadline July 6th, 2008 Winners Announced August 7th, 2008
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