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Energy Chamber views bpTT’s divestment to Perenco as a positive development

Energy Chamber views bpTT’s divestment to Perenco as a positive development

bpTT’s decision to sell some of its mature gas fields in Trinidad & Tobago to Perenco, presents an excellent opportunity for Trinidad & Tobago to continue to produce natural gas from these fields well into the future. In a mature oil and gas province like T&T it is important to have a good mix of different upstream operator companies, each with different strengths and capabilities. Major exploration campaigns and greenfield developments need major multi-national oil and gas companies with the necessary resources.