BG and partners sign PSC for Block 3(a) off Trinidad

May 6, 2002
BG Group PLC and its partners have signed a production sharing contract for Block 3(a) off Trinidad with the Trinidad and Tobago government.


By OGJ editors
HOUSTON, May 6 -- BG Group PLC and its partners have signed a production sharing contract for Block 3(a) off Trinidad with the Trinidad and Tobago government.

BG has 30% interest in the block. Partners are operator BHP Billiton Ltd 30%, Talisman Energy Inc., Calgary, 30%, and TotalFinaElf SA 10%.

Block 3(a) covers 614 sq km in 30-90 m of water depths. The block is 40 km off the eastern coast of Trinidad and is adjacent to Block 2(c), where Australia's BHP Billiton and partners have gauged a hefty flow rate in appraisal wells (OGJ, Mar. 18, 2002, p. 9).

BG Trinidad & Tobago Pres. Peter Dranfield said, "Together with our partners, we plan to carry out an extensive exploration program in Block 3(a) as part of our continued
commitment to the development of the energy industry in Trinidad & Tobago."

Recent giant gas discoveries and LNG development have prompted a flurry of exploration and development activity off Trinidad and Tobago (OGJ, Mar. 11, 2002, p. 22).