Nov 2018: DeNovo Energy (part of Proman) started gas production from the Iguana field off the west coast. The field was discovered in 1982 and is the first west coast gas field to be developed, delivering up to 0.826 bcm each year for use by petrochemical plants on the Pt. Lisas Industrial Estate through the National Gas Company of Trinidad and Tobago (NGC).
Aug 2018: Trinidad has signed a deal with Venezuela whereby it will purchase 1.5bcm of gas a year gas from Venezuela’s Dragon Field for conversion to LNG.
Jul 2018: BHP says its deep water Victoria-1 well has found gas. It is the first well of Phase 2 exploration drilling to assess the potential of the Magellan play, following the LeClerc gas discovery. On completion of Victoria-1 the drillship will drill the Bongos prospect.
May 2018: LNG production increased 31.3% year-on-year in March to 2.56 mmcm. Pproduction started gradually to pick in 2017 as new gas developments such as BP’s Juniper project came onstream and an onshore compression project commenced. Gas production increased 17% in March.
Nov 2017: New upstream developments such as BP’s Juniper project, the onshore compression project and sanction of the Angelin gas field (expected to start production in 2019) are causing LNG production to gradually pick up after years of decline due to gas supply shortfalls.
Aug 2017: BP produced first gas from the Juniper (Corallita and Lantana) development which will add gas capacity of 6 bcm a year after an investment of US$2bn. It is BP’s first subsea development in Trinidad. An unmanned platform in 110m of water sends gas to the Mahogany B hub.
Jun 2017: BP has approved the development of its Angelin gas project off the south-east coast in 65m of water. It will include 4 wells and a new platform (its 15th offshore facility in Trinidad) with a capacity of around 6 bcm a year. Gas will flow to the Serrette platform hub, planned from 1Q 2019.
Jun 2017: BP (operator, 100%) announced it has made 2 significant gas discoveries with the Savannah and Macadamia offshore exploration wells. Savannah was drilled into an untested fault block east of the Juniper field in a water depth of 155m. Macadamia was drilled below the existing SEQB discovery, 10 kms south of the Cashima field.
May 2017: LNG production has continued to decline due to supply shortfalls at the Atlantic Point Fortin facility although sales and deliveries rose. BP recently started up the onshore compression (TROC) project providing additional volumes. Atlantic produces LNG from gas delivered from offshore fields north and east of Trinidad.
Oct 2016: LNG production at Point Fortin dropped 40% in August compared to last year ago due to gas supply shortfalls. Trinidad’s gas production has dropped 13.8% year on year. The company is owned by BP, Shell, China’s sovereign wealth fund CIC unit Summer Soca, and the state company, NGC.
Jun 2016: Atlantic LNG said production at its 14.8 mm tpa Point Fortin LNG plant is suffering from gas supply shortages and failing to deliver on commitments. LNG production in Q1 was down 18% compared to Q1 2015 whilst gas production was 11% lower. Atlantic is owned by BP, Shell, China’s sovereign wealth fund CIC unit Summer Soca and state-owned company NGC.
Mar 2016: BP confirmed that 5 subsea trees for the Juniper field project have arrived. located off the south east coast, it is BP’s first subsea field development in Trinidad. The 5 wells were drilled in 2015 and 2016 and the project will have a production capacity of 6 bcm each year with first gas in 2017.
Aug 2015: Range Resources plans to drill 22 exploration and development wells by the end of the first quarter of 2016.
May 2015: BP announced the Ocean Victory semisub will soon commence drilling 5 subsea wells at the Juniper field to be tied into the Juniper platform. The project will have a production capacity of up to 6 bcm per year with first gas expected in 2017.
Apr 2015: LGO Energy announced spud of the first in its 2015 seven well development program at the Goudron field to add to its 8 new wells drilled in 2014. LGO also plans for 12 well recompletions in existing wells to maintain average output levels close to 2,000 bbls per day.
Jan 2015: Caribbean Rex (100%) announced that it has completed the drilling of 3 wells in the South Erin Block. Oil-bearing sands were encountered in the CH6 and CG8 wells in Cruse and Lower Forest reservoirs The company will consider putting the wells on production as soon as testing has been completed and approvals granted.
Dec 2014: BG Group has delivered first gas from the Starfish field in the East Coast Marine Area. Gas will flow to the domestic market and to Atlantic LNG. The field is connected to the Dolphin platform. BG Group is operator (50%) with Chevron (50%).
Aug 2014: BP has sanctioned the Juniper offshore gas project which will include an unmanned platform taking gas from 5 subsea wells in the Corallita and Lantana fields in a water depth of 110m. Gas will flow by pipeline 10 kms to the Mahogany B hub. Drilling will start in 2015 and first gas is expected in 2017.
Aug 2014: BG and BHP Billiton are successful bidders in the 2013 offshore licencing round. They have been awarded Deep Atlantic Areas 3 and 7 (TTDAA 3 and 7). The energy ministry will now enter into negotiations for a PSC for each Block. Three bids were received for 2 of the 6 blocks offered in the round.
Jul 2014: Trinity will acquire Centrica’s 80% interests in Blocks 1a and 1b off the west coast. The blocks contain 4 gas discoveries in up to 35m of water with aggregate gross resources of 7.6 bcm. The gas is appraised with 6 wells but undeveloped and Trinity is targeting first production in 2018 for sale to the domestic gas market.
Jul 2014: Repsol has made a discovery in the offshore Teak field in the TSP block east of the island which has upgraded the northern portion of the Teak B field. Repsol operates with 70%, partnered by Petrotrin (15%) and The National Gas Company (15%). Repsol is carrying out a drilling campaign in the TSP block, which has been producing since the 1970s. It averaged 10,900 bbls per day in 2013.
Apr 2014: Leni Gas & Oil has announced that drilling at the 100% owned Goudron field is to begin. This is the first new well on the field since 1981 and will followed by further infill wells. Approximately 70 reactivated wells currently contribute to ongoing production.
Feb 2014: Range Resources has hit oil in 2 wells. The QUN-143 well, drilled to a depth of 211m in the Lower Forest horizon will be completed for production. The QU-452 , drilled to a depth of 550m, also encountered oil. This is the first well drilled in the South Quarry production licence since 2007.
Feb 2014: Leni Gas & Oil has signed a contract with Well Services Petroleum Company for the drilling of the first 7 wells of the planned 30 well development drilling programme at the Goudron field. The contract envisages the use of Well Services’ Rig 20.
Dec 2013: Trinity has made an oil discovery at its TGAL-1 exploration well within the Galeota license using the Rowan Gorilla III jackup. Trinity is operator with 65%. TGAL-1 targeted an updip extension of the producing Trintes Field and intersected 5 oil bearing reservoirs.
Sep 2013: Trinidad and Venezuela said that PDVSA will work with Chevron to develop the Loran-Manatee field offshore gas field, the largest of 3 that span the offshore border. The Loran-Manatee field has reserves of around 285 bcm of which 26.25% belongs to Trinidad. Trinidad was also allocated 36% of the Cocuina Manakin field and 84% of the Dorado-Kapot field. A pipeline to the Paria Peninsula in Venezuela s planned to link with the delayed Mariscal Sucre project.
Jun 2013: The Ministry of Energy signed PSCs with BHP Billiton for 4 deep water blocks, TTDAA 5, 6, 28 and 29. The PSCs have an initial phased exploration period of up to 9 years. Activity related to the award is expected to generate a minimum investment of US$565 mm for mandatory exploration phases and US$459 mm for optional phases. In the mandatory phases, the company will drill at least 6 deep water exploration wells.
Dec 2012: Technip has been awarded by BG an engineering, procurement, commissioning and installation (EPCI) contract for the development of the Starfish field in the East Coast Marine Area. The field lies at a water depth of 130m and will be tied back to the Dolphin A Platform. Offshore installation is expected to be performed in mid-2014
Nov 2012: BP has discovered an estimated 28 Bcm of gas offshore Trinidad in the Savonette 4 appraisal well, doubling the gas-in-place at the Savonette field. The well began production in October and is BP’s largest discovery in Trinidad since 2005. The Savonette field was discovered in 2004 and began production in 2009. Another 2 development wells are planned over the next year and a half. BP's gas production in 2011 from Trinidad and Tobago was 22.7 Bcm and 31,000 bbls of oil per day.
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