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The Ministry of Energy and Energy Industries hosted a virtual press conference and has indicated that BHP is currently drilling the Broadside well in TTDAA3. Minister of Energy, Franklin Khan said that this well will be the deepest in T&T’s history. The well will be over 20,000 ft deep and will be drilled in a water depth of over 6,000 ft.
Apache provided an update to the technical evaluation of the Kwaskwasi-1 discovery well offshore Suriname.
The Energy Chamber of Trinidad and Tobago announces the launch of its Local Content Management System. The launch of the system took place in a virtual event on September 9th, 2020. In attendance were over 300 representatives from the Upstream, Downstream and Energy Service contractors and suppliers, from Trinidad & Tobago, the wider Caribbean and internationally.
Shell EOI: National Science, Technology, Research, Engineering, Arts, Mathematics (STREAM) Programs
bp Trinidad and Tobago (bpTT) today announced the successful completion of negotiations with the Government of Trinidad and Tobago on extensions to its Exploration & Production licences.
Kosmos Energy (Kosmos) has entered into an agreement with B.V. Dordtsche Petroleum Maatschappij (Shell), a wholly-owned subsidiary of Royal Dutch Shell, to farm down interests in a portfolio of frontier exploration assets for approximately $100 million, plus future contingent payments of up to $100 million.
ExxonMobil has made its 18th discovery offshore Guyana at the Redtail-1 well which will add to the previously announced estimated recoverable resource of more than 8 billion oil-equivalent barrels on the Stabroek Block.
BHP EOI for provision of Freight Forwarding and Customs Clearance Services
Expression of Interest for Property and Facility General Construction Services
The Ministry of Energy and Energy Industries (MEEI) continues to closely monitor the developing situation with regards the Venezuelan FSO NABARIMA. As stated earlier in the MEEI’s press release on September 2nd, 2020, the NABARIMA stores crude produced from the COROCORO field which is operated by a Joint Venture (PDVSA 74% ENI- Italian Multinational 26%).
EOI
As part of its program to support emerging entrepreneurs in the Latin America and Caribbean (LAC) region to overcome the challenges of the pandemic, IDB Lab, together with its partners Deetken Impact Sustainable Energy and CABEF-HREFF, approved new debt financing to the Trinidadian company Energy Dynamics Limited (EDL) to provide services throughout the Caribbean to help companies convert to clean energy, improve their energy efficiency and install technology that reduces possibility of COVID outbreak in internal office spaces.
Entrepreneur, Michael Parris has been shortlisted among 21 finalists for the 2020 Shell LiveWIRE Top Ten Innovators Awards, a global competition that highlights and rewards businesses that demonstrate excellence in innovation. Parris’ company, Soular, is the only Trinidad and Tobago company to be shortlisted from among 136 applications received from 15 countries.
io consulting (io) announced that it has been awarded a contract for a bankable feasibility study (BFS) by NewGen Energy Limited (NewGen) to support development of a proposed carbon-neutral/green hydrogen production facility in Trinidad and Tobago (T&T). The hydrogen output from the project is intended as a “green” input to ammonia production at the Trinidad Nitrogen Company (Tringen) facilities in the Point Lisas Industrial Estate. io is a joint venture of Baker Hughes and McDermott.
bp Trinidad and Tobago (bpTT) is one of the country’s major hydrocarbon producers, accounting for more than half of the nation’s gas production. bpTT operates under the principles of no harm to people and no damage to the environment and is therefore committed to managing safe and reliable operations while also contributing to the broader development of Trinidad and Tobago, through maximizing opportunities for employees, suppliers and the communities in which we operate.
The Minister of Energy and Energy Industries, Franklin Khan in a live virtual press conference has indicated that the crude oil reserves in T&T has increase since 2012. In the Minister’s presentation, he said that the crude oil reserves audit was conducted by Netherland Sewell and Associates (NSAI) and reflected the reserves position at the end of 2018.
Apache announced a major oil discovery at the Kwaskwasi-1 well drilled offshore Suriname in Block 58. The well was drilled using the Noble Sam Croft with Apache as operator holding a 50% working interest and Total holding a 50% working interest.
According to the company, the well identified two additional high-quality reservoirs, one adjacent to, and the other below the Yellowtail Field, further demonstrating the world class quality of this basin.
Heritage is aiming to identify and explore opportunities in deeper reservoirs within the company’s onshore North West District area, specifically below the Mid-Miocene unconformity and engage in joint studies for potential acreage acquisition. Opportunities may range from reservoir appraisal within producing fault blocks to outstep or deeper rank exploration.
