Page 8 - LatAmOil Week 43 2021

LatAmOil TRINIDAD AND TOBAGO LatAmOil

Manatee is located off the south-eastern coast of Trinidad (Image: Ministry of Energy)
Stuart Young, Energy Minister of Trinidad and 300mn cubic feet (8.5mn cubic metres) per day
Tobago, also noted that development of Man- of gas in the initial phase of development, rising
atee, which holds about 2.7 trillion cubic feet eventually to a peak of 700 mmcf (19.8 mcm)
(76.46bn cubic metres) of gas, was expected to per day.
improve gas supplies. Commercial development “could start as
The new field is likely to be “the single largest early as 2025, but this depends on the speed at
new gas production [stream] in Trinidad and which the parties can install infrastructure,” the
Tobago for decades,” he was quoted as saying by Energy Ministry told Argus Media last week.
Argus Media. Manatee is a section of a larger gas field,
The Manatee field is set to begin production Loran-Manatee, that straddles the maritime
in about four years, according to Trinidad and border between Trinidad and Tobago and Ven-
Tobago’s Energy Ministry. It will yield about ezuela. ™

VENEZUEL A
PdVSA prepares to offload

shipment of Iranian condensate

VENEZUELA’S national oil company (NOC)
PdVSA is set to begin offloading a 2.1mn barrel
shipment of Iranian condensate this week in the
latest ongoing swap activity between the pariah
states.
With both governments subject to US sanc-
tions, PdVSA and the National Iranian Oil Co.
(NIOC) last month agreed to a contract to swap
Venezuelan heavy crude for Iranian condensate.
The first shipment covered by the agreement was
a cargo of Venezuelan Merey crude sent aboard
the National Iranian Tanker Co.’s (NITC) Felic-
ity tanker. Iran then sent its inaugural cargo of
condensate aboard the Dino I very large crude
carrier (VLCC), which returned to the Islamic
Republic last week with a consignment of Merey PdVSA blends condensate with heavy crude oil to boost production (Image: PdVSA)
which had been loaded at the port of Jose.
PdVSA intends to use the condensate to Petropiar and Sinovensa projects, which are tar-
increase the availability of light and medium geting oilfields in the Orinoco Belt.
crudes for refining, with condensates and lighter According to sources spoken to by Reuters,
grades often used to dilute its extra-heavy crude NIOC may use the Venezuelan barrels as refin-
and make it easier to use. The first shipment of ery feedstock or a blending component, but it
condensate was diverted to the Petrocedeno, may also seek to sell it to buyers in Asia.

P8 www. NEWSBASE .com Week 43 28•October•2021