GOVERNMENT HAS FORMALLY given it permission to explore, but there is no guarantee that BHP Billiton will ever reach the stage of actually drilling for oil in Barbados’ waters.
And even if it does, it will be at least another six years before the Australian company reaches that point.
This emerged yesterday when Prime Minister Freundel Stuart and BHP Billiton Petroleum vice president for exploration, Dr Niall McCormack, signed two exploration licences which formally allow BHP Billiton to start work on Carlisle Bay and Bimshire, two offshore blocks it was awarded in 2008. (SC)
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