Page 7 - LatAmOil Week 49 2021

LatAmOil TRINIDAD AND TOBAGO LatAmOil

The bidding round covers 17 offshore blocks (Image: MEEI)
The statement also noted that Minister of Energy However, Young’s predecessor Kevin Ramnar-
and Energy Industries Stuart Young and other ine, who headed the Ministry of Energy and
officials from Trinidad and Tobago were due to Energy Industries in 2011-2015, expressed
promote the bidding contest during the 23rd optimism about the chances for additional dis-
World Petroleum Congress (WPC) in Houston coveries in these deepwater blocks.
on December 5-8. Young is due to meet with “The Trinidad and Tobago deepwater prov-
representatives of international oil companies ince has now been derisked with discoveries of
(IOCs) at the conference and will also address natural gas by BHP in the northern cluster and
WPC’s Latin America Ministerial Roundtable, in the southern cluster of blocks,” Ramnarine
the ministry said. wrote in a LinkedIn post on December 8. “BHP
It further noted that the 17 blocks included is at present conducting appraisal drilling the
in the bidding round were off the northern Northern cluster (TTDAA14). If all goes to plan,
and eastern coasts of the islands of Trinidad we should have production from the Calypso
and Tobago. It listed those licence areas as project by 2026.”
Blocks 23(b), 24, 25(a), 25(b), 26, 27, TTDAA The former minister went on to say that he
1, TTDAA 2, TTDAA 4, TTDAA 8, TTDAA 9, had multiple reasons to believe IOCs would
TTDAA 11, TTDAA 15, TTDAA 25, TTDAA continue to show strong interest in Trinidad
26, TTDAA 28 and TTDAA 29. and Tobago’s deepwater assets. This could help
The ministry did not comment in its state- extend the lifespan of the country’s natural gas
ment about the prospectivity of these sites. reserves into the 2040s, he wrote. ™

GUYANA
Ghana, Guyana to co-operate on petroleum

production and investment promotion

GHANA and Guyana have signed a framework South American countries. This comes follow-
agreement which includes a memorandum of ing a three-day state visit to Guyana by Ghana-
understanding (MoU) on co-operation in the ian Vice-President Dr. Mahamudu Bawumia.
petroleum sector and another MoU in invest- Under the MoU, the Petroleum Commission
ment promotion. of Ghana will share its expertise and resources
The co-operation deal aims to deepen the with Guyana to help it develop the capacity to
partnership between the West African and manage its own hydrocarbon sector.

Week 49 09•December•2021 www. NEWSBASE .com P7