New gas discoveries and increased sanctioning activity expected to break the downward production trend in Trinidad

July 10, 2017


On June 2, 2017, BPTT announced two new gas discoveries offshore Trinidad - Savannah and Macadamia - together amounting to around 1.3 trillion cubic feet of recoverable resources, based on Rystad Energy analyses. In addition, the Angelin project discovered back in 1995 was announced sanctioned.

The recent activity will have a positive impact for a country that is currently facing challenges related to securing enough gas to Trinidad’s significant gas industry. While the gas production in Trinidad has seen a downward trend since 2012, Rystad Energy’s latest data now shows an expected production increase in 2019.

“Continued focus on exploration in general, but in particular near infrastructure exploration (ILX), and fast track developments is still a necessity. Rystad Energy sees that Shell is also taking steps to enforce their position in Trinidad, while BHP has exploration in Trinidad as one of their most important issues going forward. We expect to receive more good news from Trinidad in the years to come”, comments Kjetil Solbraekke, Senior Vice President South America at Rystad Energy.
 

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Article Contacts

Contact: David White, Marketing Manager
Phone: +47 24 00 42 25
david.white@rystadenergy.com

Contact: Kjetil Solbraekke, SVP South America
Phone: +47 24 00 42 00
kjetil.solbraekke@rystadenergy.com

About Rystad Energy

Rystad Energy is an independent oil and gas consulting services and business intelligence data firm offering global databases, strategy consulting and research products.

Rystad Energy’s headquarters are located in Oslo, Norway. Further presence has been established in Norway (Stavanger), the UK (London), USA (New York & Houston), Russia (Moscow), Brazil (Rio de Janeiro), as well as Singapore and Dubai.