Thursday, 14 November 2013

Trinidad and Tobago Oil and Gas Report Q1 2014

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Trinidad and Tobago Oil and Gas Report Q1 2014
Nov 13th 2013, 00:00

Price: $ 1295  

BMI View: Despite efforts by the government of Trinidad and Tobago (T&T) to bolster hydrocarbon production, we take a cautious long-term view, forecasting that over the coming decade oil output will expand by an average of only 0.7% year-on-year (y-o-y) while natural gas production will grow by 1.3% yo- y. Indeed, while improved fiscal and contractual incentives are likely to draw some international oil companies, the mounting technical difficulty of discovering and producing T&T's hydrocarbons, combined with an increasingly competitive market is likely to temper production growth. The main trends and developments in the Trinidad & Tobago (T&T) oil & gas sector are: ? T&T launched its 2013 deepwater bid round in August, with the submission deadline on January 2014. This round is likely to at ...

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