Bud's Offshore Energy (BOE)

From the Amsterdam News:

“Encouraged by the Guyana Suriname finds, several other regional bloc member nations, including Barbados and Jamaica, have been ramping up efforts to attract companies to explore offshore acreages. The most determined of them seems to be Grenada, which is just north of oil and gas producers Trinidad and Venezuela.”

“Officials there say they are preparing to put out bids to attract some of the world’s largest exploration companies, but the 14-month new administration has said the previous government secreted away all the documents and data obtained from a 2018 exploration campaign by a little-known Russian firm, the Global Petroleum Group (GPG).”

“The group had told the previous administration that it had found commercial quantities of oil and gas in a well labeled Nutmeg 2, in about 400 feet of water, and that there were other promising prospects right nearby. But as the current Dickon Mitchell government gets ready to assess the island’s prospects, it has said there is nothing to work with.”

Grenada will no doubt be more careful about whom they issue future exploration licenses to and how they manage the data.