Trinidad and Tobago moving toward bidding round

April 29, 2003
The government is expected to put seven oil and natural gas exploration blocks up for bid by May 31, said sources in Trinidad and Tobago's Ministry of Energy.

By an OGJ correspondent

PORT OF SPAIN, Apr. 29 -- The government is expected to put seven oil and natural gas exploration blocks up for bid by May 31, said sources in Trinidad and Tobago's Ministry of Energy.

Of the seven blocks, three are natural gas prone, two are oil prone, and two have a mixture of oil and gas.

"There is no doubt that the government wants to increase exploration activity and would be putting out blocks for bids, but I do not wish to say exactly when they will be offered except that it should not be long from now," Energy Minister Eric Williams told OGJ.

Within 2 weeks, the Cabinet is expected to receive a recommendation that the blocks be put up for bid.