Shell Trinidad and Tobago Limited has announced a Final Investment Decision (FID) on the development of Block 5C (Barracuda) in the East Coast Marine Area (ECMA).
According to the company, the Barracuda is a greenfield gas development and will involve a two-well subsea tie-back to existing infrastructure in the ECMA, helping grow and sustain production in the acreage.
First gas from Barracuda is expected in 2021 and will supply both the domestic and export markets.
The company has indicated that execution has already begun on this project.
Eugene Okpere, Shell’s VP and Country Chair said, “We are very excited about this project as it demonstrates our commitment to pursue our near-term development programme and will add upwards of 25kboe/d of sustained near-term production to our operations.
He added that “It also aligns seamlessly with our medium to long-term growth strategy in Trinidad and Tobago and our commitment to helping to secure the country’s energy future”.
The signing of the Definitive Agreements with the Government of Trinidad and Tobago, back in August (2019), served as a key catalyst in helping to take Barracuda to FID and progress another important sub-surface development near the North Coast Marine Area (NCMA), known as Colibri.