Energy

Key Facts

—The offer. Barbados has put 19 ultra-deepwater blocks out to tender under its 2026 Offshore Petroleum Direct Negotiations, down from 22 in 2022.

—The acreage. The blocks span 62,643 square kilometres, ranging from 1,167 to 5,007 square kilometres each.

—The prize. Early seismic work suggests up to 13 billion barrels of oil in place and more than 40 trillion cubic feet of gas, both unproven.