Trinidad and Tobago offers five blocks for bid

Curtis Williams
OGJ Correspondent

PORT OF SPAIN, May 20 -- Trinidad and Tobago Energy Minister Conrad Enill said the twin-island nation is offering five new exploration blocks in its 2008 bid round.

The blocks include:

-- Block 4(b) in 400-800 m of water off Trinidad and Tobago's east coast. It lies just east of BG Group's prolific Dolphin field, which holds more than 5 tcf of gas.

-- Block 5(d), also off the east coast, is north of the Manikin gas discovery in 450-800 m of water.

-- NCMA (3), (4), and (5)—all off the northern coast—are believed to be gas-prone. They lie in more-shallow water (100-550 m).

Enil said the bids will be welcomed in the third quarter. No date has as yet been set for the closing or for announcement of the winner, but the minister said he is hopeful it will be accomplished by January 2009.

Utradeepwater to be rebid
The minister also acknowledged that the 2006 ultradeepwater bid round did not go as well as planned because only Statoil submitted bids, for TDAA Block 5 (OGJ, Jan. 15, 2007 Newsletter).

His ministry plans to target companies with a history of drilling in deep water.

He said, "Our approach is slightly different. We know the kind of companies that are attracted to that kind of risk, and it will be our intention to go after those who have an appetite to drill in fairly deep water."

The ministry will rebid the ultradeep parcels in 2009.

Related Articles

BLM finalizes oil shale regulations; leasing unlikely for 5-10 years

11/28/2008 The US Bureau of Land Management published final regulations on Nov. 17 to establish a commercial oil shale development program on public lands in ...

'Alaska's methane hydrates can be developed now'

11/28/2008 US Sen. Lisa Murkowski (R-Alas.), on Nov. 12 in response to a US Geological Survey report indicating that up to an additional 157.8 trillion cubic ...

USGS estimates 2.4 Tcf of gas lies beneath eastern Oregon, Washington

10/31/2008 An estimated 2.4 trillion cubic feet of natural gas and 9.8 million bbl of natural gas liquids lie beneath eastern Oregon and Washington, the US Ge...

DOE successfully generates electricity from producing well's hot water

10/24/2008 Electricity has been generated successfully from a producing oil well's geothermal hot water for the first time, the US Department of Energy's Foss...

USGS estimates Alaskan North Slope contains 85.4 Tcf of producible gas hydrates

10/24/2008 There are approximately 85.4 trillion cubic feet of undiscovered, technically recoverable natural gas resources within gas hydrates on Alaska's Nor...

Senate rejects economic stimulus bill with oil shale moratorium

10/03/2008 The US Senate defeated an economic stimulus bill with a provision to extend a moratorium on federal oil shale leasing by 52 to 42 votes on Sept. 26...

Reactions are mixed as BLM issues programmatic EIS for oil shale

09/12/2008 The US Bureau of Land Management issued a final programmatic environmental impact statement on Sept. 4 to guide the use of public land containing o...

Senate, House members pledge action following independent oil speculation study

09/12/2008 An independent report showing that record amounts of speculative investment drove oil prices to record peaks in 2008 confirms that stronger market ...

2008 Republican platform's energy, environment planks contain no surprises

09/05/2008 Republicans adopted a 2008 national campaign platform on Sept. 1 which included a call to "aggressively increase our nation's energy supply in an e...
White Papers

Three Tips to Improve Safety in the Oil Field

Working oil fields will always be tough work with inherent risks. There’s no getting around that. Ther...
Sponsored by

Pipeline Integrity: Best Practices to Prevent, Detect, and Mitigate Commodity Releases

Commodity releases can have catastrophic consequences, so ensuring pipeline integrity is crucial for p...
Sponsored by

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New chall...
Sponsored by

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by

Asset Decommissioning in Oil & Gas: Transforming Business

Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by

Squeezing the Green: How to Cut Petroleum Downstream Costs and Optimize Processing Efficiencies with Enterprise Project Portfolio Management Solutions

As the downstream petroleum industry grapples with change in every sector and at every level, includin...
Sponsored by

7 Steps to Improve Oil & Gas Asset Decommissioning

Global competition and volatile markets are creating a challenging business climate for project based ...
Sponsored by

The impact of aging infrastructure in process manufacturing industries

Process manufacturing companies in the oil and gas, utilities, chemicals and natural resource industri...
Sponsored by
Available Webcasts


OGJ's Midyear Forecast 2015

When Fri, Jul 10, 2015

This webcast is to be presented by OGJ Editor Bob Tippee and Senior Economic Editor Conglin Xu.  They will summarize the Midyear Forecast projections in key categories, note important changes from January’s forecasts, and examine reasons for the adjustments.

register:WEBCAST


Predictive Analytics in your digital oilfield - Optimize Production Yield and Reduce Operational Costs

When Tue, Jul 7, 2015

Putting predictive analytics to work in your oilfield can help you anticipate failures, plan and schedule work in advance, eliminate emergency work and catastrophic failures, and at the same time you can optimize working capital and improve resource utilization.  When you apply analytic capabilities to critical production assets it is possible to reduce non-productive time and increase your yield.

Learn how IBM's analytics capabilities can be applied to critical production assets with the goal of reducing non-productive time, increasing yield and reducing operations costs.

register:WEBCAST



On Demand

Cognitive Solutions for Upstream Oil and Gas

Fri, Jun 12, 2015

The oil & gas sector is under pressure on all sides. Reserves are limited and it’s becoming increasingly expensive to find and extract new resources. Margins are already being squeezed in an industry where one wrong decision can cost millions. Analyzing data used in energy exploration can save millions of dollars as we develop ways to predict where and how to extract the world’s massive energy reserves.

This session with IBM Subject Matter Experts will discuss how IBM Cognitive Solutions contribute to the oil and gas industry using predictive analytics and cognitive computing, as well as real time streaming for exploration and drilling.

register:WEBCAST


The Alternative Fuel Movement: Four Need-to-Know Excise Tax Complexities

Thu, Jun 4, 2015

Discussion on how to approach, and ultimately embrace, the alternative fuel market by pulling back the veil on excise tax complexities. Taxes may be an aggravating part of daily operations, but their accuracy is crucial in your path towards business success.

register:WEBCAST


Emerson Micro Motion Videos

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected