Barbados National Oilfield Services Limited (BNOSL) was incorporated in 1998 to provide the services of Operator under a Production Sharing Contract (PSC) with Waggoner Barbados Ltd. Subsequent to the conclusion of that PSC in 2004, BNOSL was retained to execute the exploration and production activities on behalf of the parent company.
Barbados National Terminal Company Limited (BNTCL or the Terminal) was incorporated in 1998 following the closure of the Mobil Oil refinery. Its purpose is to manage the storage and distribution of gasoline, diesel and heavy fuel oil, as well as the storage and exportation of crude oil on behalf of the Group. BNTCL also stores aviation (jet) fuel and kerosene on behalf of the major oil companies. BNTCL, which was constructed in 2004, commenced operations at the temporary Needham’s Point Facility in St Michael. It currently operates from its state-of-the-art terminal at Fairy Valley, Christ Church.
Heavy Fuel Oil is handled at the Esso Terminal at Holborn, St Michael under a long-term lease agreement with Esso Standard Oil S.A. The decision to use the Holborn Terminal for fuel oil was partially influenced by its proximity to the Barbados Light and Power (BL&P) power generating plant at Spring Garden, which consumes approximately 95% of the imported heavy fuel oil.
Barbados National Oil Holding Company Limited (BNOHCL) manages certain real estate assets owned by the Group.