Located in a proven petroleum province, Grenada sits near energy-rich neighbors including Trinidad and Tobago, Venezuela and recently Guyana, all of which have significant reserves and established production. Grenada’s waters cover approximately 28,500 km², and historical geological studies indicate the region could hold billions of barrels of oil equivalent. Early exploration has already yielded promising results: the Nutmeg-2 well encountered natural gas, and recent seismic interpretation highlights leads in the Miocene-Pliocene play fairway, proven in Trinidad, as well as untested deeper horizons.

Central to this opportunity is Grenada’s upcoming Virtual Data Room, opening in April 2026, followed by an invitation-only physical data room. These platforms will give investors access to technical, economic and legal information to evaluate offshore blocks ahead of a formal licensing round in Q3 2026, which will combine competitive bidding and direct negotiations under a modern Production Sharing Contract framework designed to reward early entrants. The opportunities are expected to lean toward gas, supporting lower-carbon portfolios and aligning with regional energy transition goals.

To ensure investors can move quickly, the government has established a Hydrocarbons Technical Working Group (TWG), bringing together geologists, geophysicists, petroleum engineers and legal experts from three continents, supported by a network of volunteer specialists. The TWG has consolidated historical seismic datasets, engaged all seismic companies that have operated in Grenadian waters, and completed a nationwide seismic interpretation, with discussions underway for additional 3D seismic surveys to further define the block prospects.

“Grenada is taking a very proactive approach to opening its offshore sector to investors. The government has established modern legal and regulatory frameworks, aligned with international best practices, and has embedded strong environmental and social engagement from the outset. This level of preparation makes Grenada a highly compelling destination for international oil and gas companies at CEW,” states Sandra Jeque, Project Director at Energy Capital & Power.

Grenada’s strategic proximity to Trinidad and Tobago adds to its appeal. Building on a Cooperation Framework Agreement signed in 2012, the government is negotiating with Trinidad’s national institutions, including the National Gas Company, to explore joint infrastructure use, shared logistics and fast-track development opportunities. This allows operators to leverage established oil and gas infrastructure, LNG export facilities and regional petroleum expertise, accelerating the path from exploration to commercialization.

Investors will also find a disciplined and organized program on the ground: maritime block redrawing, boundary delimitation with Saint Vincent and soon Venezuela, full-time local staff, and embedded local content and community benefits in every PSC. Seismic datasets are already available for purchase through GeoEx and TGS, giving early entrants a clear head start.

As Grenada prepares to take the spotlight at CEW 2026, the event will provide a unique platform for investors to access the Caribbean’s next frontier. With extensive, untapped offshore acreage, proven technical upside, competitive commercial terms and strong regional collaboration, Grenada is positioning itself as a market-ready opportunity for international oil and gas companies looking to enter a new, high-potential frontier.

Join us in shaping the future of Caribbean energy. To participate in this landmark event, please contact sales@energycapitalpower.com.