Page 8 - LatAmOil Week 25 2022
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LatAmOil                                TRINIDAD AND TOBAGO                                         LatAmOil



                         He argued, though, that the prime minister had
                         not given any solid examples of new fields com-
                         ing on stream in the near term.
                           He did acknowledge Rowley’s reference to
                         the Manatee and Calypso projects but pointed
                         out that these fields were not likely to see first
                         gas before 2027 or 2028. Likewise, he took note
                         of BP’s plans for the Cassia C compression pro-
                         ject, which is due to be launched in late 2022,
                         but explained that this initiative was designed to
                         stabilise output rather than raise it. Under these
                         circumstances, yields are likely to keep drop-
                         ping in the five-year period between the end of
                         2022 and the start of the 2027-2028 period, since
                         there will be little in the way of new production
                         streams coming online, he said.
                           In concrete terms, Ramnarine continued,
                         Trinidad and Tobago has little hope of bringing   Trinidad and Tobago extracted 73.06 mcm per day of gas in 2021 (Image: BHP)
                         gas output back into the range above 3 bcf (84.96
                         mcm) per day within the next few years. Yields   2 bcf (56.64 mcm) per day by 2026. This could
                         will remain stable at current levels in the best-  have serious consequences for the petrochemi-
                         case scenario, he added, but could sink below   cal plants at the Point Lisas complex that depend
                         2.5 bcf (70.8 mcm) per day or even approach   on access to gas feedstock, he noted. ™




                                                      COLOMBIA
       Petro’s election win could have major




       impact on Colombia’s oil and gas sector






                         COLOMBIA’S oil and gas sector may be headed   interview with Bloomberg, saying he hoped
                         for some major changes following Gustavo Pet-  to transform Colombia into a country with a
                         ro’s victory in the run-off phase of the presiden-  knowledge-based and tourism-fuelled econ-
                         tial election.                       omy. A key component of this shift would
                           Petro, a member of the Humane Colombia   involve calling an immediate halt to all new oil
                         Party running as the candidate of the Historic   and gas exploration, he said.
                         Pact alliance, has promised to phase out new   In practice, the suspension of new explora-
                         hydrocarbon development projects and form   tion campaigns will have the effect of making
                         a global coalition to fight climate change. In   part of Colombia’s section of the Caribbean Sea
                         January, he outlined his policy agenda in an   off-limits to international oil companies (IOCs).
























                           Petro (R) and Vice President Francia Márquez Mina (L), shown on June 23 (Photo: Twitter/@FranciaMarquezM)



       P8                                       www. NEWSBASE .com                           Week 25   23•June•2022
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