The Energy Chamber of Trinidad & Tobago warmly welcomes the news that the final investment decision (FID) has been taken by Shell for the development of the Manatee field.
This is a very significant development for Trinidad & Tobago and will help create stability for the country’s gas industry and by extension, our energy services companies. This is a major development, projected to deliver significant volumes of natural gas, equivalent to around 20% of current national gas production. This project has had a long and complicated history, not least because it is part of a field that straddles the maritime boundary with Venezuela. Delivering this project involved significant complex negotiations by the Government of Trinidad & Tobago, Shell, the Government of Venezuela and numerous other stakeholders.
It is excellent news for Trinidad & Tobago that this FID has been taken.