Joint Venture Unveils Plans for Enhanced Gas Production in Trinidad and Tobago
bp Trinidad and Tobago (bpTT) and EOG Resources Trinidad Limited have announced an ambitious partnership to develop the Coconut offshore natural gas field off the southeast coast of Trinidad. This collaboration marks a significant stride in the oil and gas industry, underscoring both companies’ commitment to accelerated gas production and strategic growth initiatives.
### Collaborative Efforts
The Coconut gas development project represents a 50/50 joint venture between bpTT and EOG Resources Trinidad Limited, with EOG taking on the role of operator. The joint venture partners have made a definitive final investment decision, paving the way for the project’s execution. The anticipated first gas date is set for 2027, marking a crucial milestone in the ongoing development of Trinidad and Tobago’s energy sector.
### Historical Context
This partnership builds upon the successful precedents established by bpTT and EOG Resources in offshore Trinidad. Previous joint ventures include:
– **EMZ (2011)**
– **Sercan (2016)**
– **Banyan (2017)**
– **Mento** (set to commence operations in 2025).
### Strategic Approach
David Campbell, president of bpTT, highlighted the potential of this partnership in accelerating production from the Coconut field while allowing for advanced development of other gas reserves. He emphasized that this collaboration is central to bp’s broader strategy of achieving higher value in Trinidad through gas growth opportunities.
### Operational Details
The Coconut field is located in the Columbus basin, approximately 260 feet underwater. This project leverages advanced technologies and methodology to optimize gas extraction, ensuring a robust and sustainable operation.
### Impact on the Region
The development of the Coconut gas field is expected to have a positive impact on Trinidad and Tobago’s energy landscape. The field’s estimated reserves of approximately one trillion cubic feet will contribute significantly to the