Downward production trend to be broken in Trinidad
Published by Joseph Green,
Editor
LNG Industry,
BPTT has announced two new gas discoveries offshore Trinidad – Savannah and Macadamia – together amounting to around 1.3 trillion ft3 of recoverable resources, based on Rystad Energy analyses. In addition, the Angelin project discovered back in 1995 was announced sanctioned.
The recent activity will have a positive impact for a country that is currently facing challenges related to securing enough gas to Trinidad’s significant gas industry. While the gas production in Trinidad has seen a downward trend since 2012, Rystad Energy’s latest data now shows an expected production increase in 2019.
“Continued focus on exploration in general, but in particular near infrastructure exploration (ILX), and fast track developments is still a necessity. Rystad Energy sees that Shell is also taking steps to enforce their position in Trinidad, while BHP has exploration in Trinidad as one of their most important issues going forward. We expect to receive more good news from Trinidad in the years to come”, comments Kjetil Solbraekke, Senior Vice President South America at Rystad Energy.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/11072017/downward-production-trend-to-be-broken-in-trinidad/
You might also like
Crown LNG selects IKM Consulting Ltd as engineering design partner for Grangemouth LNG project
Crown LNG Holdings Ltd has selected IKM Engineering & Environmental Consultants as its partner for the design and engineering of its planned 100% owned floating LNG import terminal in the Firth of Forth, Scotland.