Hydrocarbon Production and Consumption PDF Print E-mail

In 2000, Barbados produced 1,548 bbls of crude oil per day (1550 BARRELS OF OIL EQUIVALENT/Day) and 1,344 bbls/day (1346 BOED) in 2001. In the mid 1990s energy consumption was 5500 BOED. This rose to 7,299 BOED in 2000 and 7505 BOED in 2001(figure X2). It is therefore clear that Barbados' oil production is significantly less than its energy requirements.

Hydrocarbon imports have increased steadily over the last three (3) years from 2,066,307 bbls in 1999 and 2,110,305 bbls in 2000 to 2,319,481 in 2001. This is the result of a combination of factors including our increased energy requirements, the decrease in the use of bagasse as an energy source within the sugar industry and the fact that the use of renewable energy has not increased at a quick-enough rate to fill the widening gap between energy production and consumption.

Proven reserves have been conservatively estimated at 1,627,932 bbls of crude oil (1,630,373.9 BOE and 3,099,374 mcf of natural gas (23,864 830.7 BOE). This means that at present rates of consumption, Barbados has approximately 10 years of fossil fuel reserves remaining.

 

Energy Tip!

Wash and dry full loads. If you are washing a small load, use the appropriate water-level setting.