Monday, April 26, 2010

What is the only Caribbean island with large oil reserves?

Certainly Trinidad and Tobago. Trinidad has large offshore reserves and most of the major oil companies are present there. Barbados has a small oil production industry. Cuba also has some oil reserves. The three combined have 1.74 billion barrels of proven oil reserves and 28.4 Tcf of natural gas. Trinidad and Tobago 990 billion barrels of oil reserves and about 26 Tcf of the natural gas reserves. Cuba is second in reserves in the Caribbean with 750 million barrels of oil reserves and 2.5 Tcf of natural gas. Jamaica, Grenada and the Bahamas have all tried to generate interest in exploration from oil companies. So far the Bahamas have leased nine offshore blocks covering 6.5 million acres but no wells have been drilled as seismic data is being acquired.What is the only Caribbean island with large oil reserves?
Aruba, Valero Energy now owns the old Coastal Petroleum Refinery on the Island.What is the only Caribbean island with large oil reserves?
well, i think it might be trinidad and tobago. though i am not really sure. i am distinctly sure that we (i am trinidadian) have some of the higher quality oil reserves though.

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