As much as two-thirds of conventional crude oil discovered in oil fields remains unproduced, left behind due to the physics of fluid flow. These remaining oil reserves constitute an enormous potential for domestic supply of energy.
The application of enhanced oil recovery (EOR) technologies to overcome the physical forces holding these hydrocarbons underground can turn these accumulations into oil reserves, enhancing energy security while helping support economic growth.
Ensuring that oil production in mature domestic fields does not harm native ecosystems is a top priority. If this oil could be recovered, Barbados's dependence on foreign oil would be depreciated, an effort for which NNP Capital Partners via its subsidiary company (Caribbean Oilfield (Barbados) Ltd) is pursuing .