Thursday, 3 October 2013

Trinidad and Tobago Oil and Gas Report Q4 2013

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Trinidad and Tobago Oil and Gas Report Q4 2013
Oct 2nd 2013, 00:00

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BMI View: Trinidad & Tobago's launch of the August 2013 deepwater licensing round support our previously stated view that despite being strained, the country's oil and gas industry still gathers investors' interests. Oil production is forecast to remain stable over our 10-year forecast period to 2022, while gas production will only begin to pick-up again in 2016. Due to the success of 2012 licensing round, the government expects an upturn in drilling activity and, with several new smaller international oil companies participating in the sector, there is some scope to support the trends in oil and gas production. The main trends and developments in the Trinidad & Tobago (T&T) oil & gas sector are: ? Trinidad & Tobago launched a licensing round for another six deepwater blocks in August, with bidsub ...

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