### Unveiling the Latest Offshore Gas Development in Trinidad: A Joint Venture Between BP Trinidad and Tobago and EOG Resources
In a strategic move aimed at bolstering Trinidad’s natural gas production, BP Trinidad and Tobago (bpTT) and EOG Resources Trinidad have announced a partnership to develop the Coconut gas field located off the southeast coast of the Caribbean twin-island nation. This development is set to propel the region’s gas industry forward, driven by the substantial reserves identified in the Columbus basin.
**A Fresh Partnership: Accelerating Production and Growth**
The joint venture, orchestrated with EOG as the operator, marks a significant milestone in the continued expansion of offshore gas exploration in Trinidad. The Coconut field, first discovered in 2005 by bpTT in water depths of approximately 260 feet, holds considerable promise with its vast reserves. This venture is part of a broader strategy by both companies to optimize returns and secure long-term growth opportunities.
**Previous Success Stories: A Track Record of Efficient Development**
This partnership builds upon the successful history of collaboration between bpTT and EOG. Previous joint developments have included:
– **EMZ (2011)**: A pioneering field that set the stage for future ventures.
– **Sercan (2016)**: Successfully increasing production capacity.
– **Banyan (2017)**: Demonstrating efficient resource utilization.
– **Mento** (to be brought online in 2025): Highlighting their commitment to ongoing development.
The successful track record of these joint ventures underscores the confidence and synergy evident in the partnership between bpTT and EOG.
**First Gas in 2027: Setting the Stage for Future Growth**
With the final investment decision having been taken, the partners are gearing up for the commissioning of the Coconut field by 2027. This timeline aligns with their strategic planning to accelerate gas production while continuing to advance other critical projects such as the Ginger field development.
**Operational Excellence and Technological Advancements