### bpTT, EOG Collaborate on Offshore Gas Development in Trinidad
In a significant move to enhance Trinidad’s energy landscape, bp Trinidad and Tobago (bpTT) and EOG Resources Trinidad have entered into a partnership to develop the Coconut gas resource off the southeast coast of thecountry. The prestigious joint venture marks the latest initiative in plusieurs collaborative efforts between the two entities, aimed at maximizing natural gas production in the region.
**A Strategic Partnership**
The Coconut gas development is set to unfold in the Columbus basin, where the water depth is approximately 260 feet. This project marks a significant milestone for both companies, as they have already made substantial contributions to Trinidad’s energy sector through their previous joint ventures. These include the EMZ and Sercan gas fields developed in 2011 and 2016, respectively, and the Banyan field brought online in 2017. The Mento project, slated for completion in 2025, further underscores their commitment to sustainable energy resource exploration.
**Technical Details and Future Expectations**
The Coconut development is a 50/50 joint venture with EOG serving as the operator. Following the final investment decision, the project is expected to reach production milestones by 2027. This ambitious timeline reflects the joint venture’s commitment to advancing gas production from this strategic offshore location.
The Columbus basin holds immense potential for gas reserves. This new development will contribute to Trinidad’s overall gas production capacity, bolstering not only the country’s energy market but also its economy.
**Historical Context and Future Outlook**
Trinidad and Tobago has long been a major player in the global energy market, particularly due to its extensive reserves of natural gas. Over the years, gas has remained a cornerstone of the island nation’s economic strategy, given its significant contribution to downstream industries such as liquefied natural gas (LNG) and the production of ammonia and methanol.
The partnership between bpTT and EOG aligns with Trinidad’s broader strategy to boost