**bp and EOG Collaborate on Coconut Gas Development Offshore Trinidad**
In a significant move to bolster natural gas production in Trinidad and Tobago, bp Trinidad and Tobago (bpTT) and EOG Resources Trinidad have announced a partnership to develop the Coconut gas field. This effort marks the latest joint venture between the two entities, aimed at accelerating gas production and enhancing the country’s energy reserves.
The Coconut gas field is situated in the Columbus basin, approximately 260 feet below the surface of the Gulf of Trinidad. This development is a 50/50 joint venture with EOG acting as the operator. The final investment decision has been made, and first gas is anticipated to flow by 2027, tightening the tap on further growth opportunities for bpTT amidst its robust gas development schedule.
This partnership builds upon the successful collaboration of bpTT and EOG in previous projects such as the EMZ (2011), Sercan (2016), Banyan (2017), and the upcoming Mento development set to come online in 2025. BP’s extensive operations in Trinidad involve managing approximately 680,000 acres along the east coast of Trinidad, with 16 offshore platforms and two onshore processing facilities.
**Strategic Partnership and Future Plans**
According to David Campbell, the president of bpTT, this partnership will not only expedite production from the Coconut field but also provide a platform for advancing other gas growth initiatives like the Ginger field development. This strategic alignment is expected to translate into higher-value returns for both parties, positioning the partnership for material high-margin growth in the coming years.
Trinidad and Tobago’s gas-dependent economy is poised to see further growth as the country continues to enhance its deepwater exploration capabilities. With ongoing projects like the Manatee field development and the Calypso deepwater project set to commence by 2027, Trinidad is set to push its gas volumes above 4 billion cubic feet per day (Bcf/d), addressing long-standing supply concerns