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Shell signs PSC for Manatee gas field

PROJECTS & THE government of Trinidad and Tobago has fully appreciated in Trinidad and Tobago,” he
COMPANIES finalised a production-sharing contract (PSC) commented.
with Shell (UK) for Manatee, an offshore natural Manatee is expected to begin production in
gas field. 2025, Rowley added. The field’s initial output
Representatives of both sides met in Port of will amount to 350mn cubic feet (9.9mn cubic
Spain earlier this week for a ceremony to mark metres) per day, rising later to 700 mmcf (19.8
the signing of the deal, which has a term of 25 mcm) per day, he stated.
years. One of the attendees was Trinidad and Shell confirmed last month that it had struck It also stated
Tobago’s Prime Minister Keith Rowley, who said a deal with authorities in Port of Spain on the
at the event that the contract demonstrated his parameters of the PSC. It also stated that the pro- that the project
administration’s determination to secure more ject would help secure adequate gas supplies for
feedstock for the country’s petrochemical and Trinidad and Tobago’s domestic market, as well would help
LNG plants. as the Atlantic LNG plant. “The Manatee devel-
“Today’s event is the culmination of the opment presents a significant medium-term secure adequate
negotiations between the Ministry [of Energy opportunity for the local energy sector to bolster gas supplies
and Energy Industries] and Shell and the gas supply to both domestic and LNG export
subsequent approval by [the] government,” markets,” it commented. for Trinidad
Rowley said, according to a report from Around the same time, Stuart Young, Energy
Trinidad and Tobago Guardian. “It signifies Minister of Trinidad and Tobago, said he and Tobago’s
this government’s ongoing commitment and expected the development of Manatee, which
action to meet domestic natural gas require- holds about 2.7 trillion cubic feet (76.46bn cubic domestic market,
ments and our resourcefulness in overcom- metres) of gas, would improve domestic gas sup- as well as the
ing obstacles.” ply conditions. The new field is likely to be “the
The prime minister went on to say that he single largest new gas production [stream] in Atlantic LNG
expected the Manatee project to help the coun- Trinidad and Tobago for decades,” he was quoted
try overcome the challenges it has experienced as saying by Argus Media. plant.
because of declining gas output. “In considering Manatee is a section of a larger gas field,
our current proven reserves of natural gas and Loran-Manatee, that straddles the maritime
the size of the many discoveries of new fields, border between Trinidad and Tobago and
the significance of this development will be Venezuela.™

Week 46 19•November•2021 www. NEWSBASE .com P9