The 2021 Trinidad & Tobago deep-water bid round is set to close on 2nd June 2022, the final day of the Trinidad & Tobago Energy Conference 2022. The bid round consists of seventeen deep-water blocks located off the east and north coast of Trinidad & Tobago.
BHP and their partners have had significant exploration success in the deep-water blocks allocated in the two previous deep-water bid rounds, with significant gas resources being discovered in the north-eastern sector in the waters between Tobago and the maritime boundary with Barbados. BHP and their partners have been analysing potential commercial development options for these multi trillion cubic feet resources, after drilling two successful appraisal wells late last year. BHP has named this development Calypso.
It is uncertain how the upcoming merger of BHP’s Petroleum Division with fellow Australian upstream producer, Woodside, will impact the Calypso project. The deal is set to close during the T&T Energy Conference, which is sponsored by BHP, as well as their two partners in the deep-water, Shell and bp.
Trinidad & Tobago is one of the oldest hydrocarbon provinces in the world, with well over a century of commercial oil production. The availability of significant underutilised gas processing capacity and significant unmet demand in the petrochemical sector in country, as well as a highly developed services industry and large cadre of experienced professionals continue to make Trinidad & Tobago an attractive investment destination in the upstream oil and gas industry.
Trinidad & Tobago’s Minister of Energy and Energy Industries, the Honourable Stuart Young, has recently reiterated the Government’s strong desire to increase gas production within Trinidad & Tobago . Minister Young will be delivering a keynote address at the T&T Energy Conference, which will be opened by the Honourable Prime Minister, Dr Keith Rowley.
