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Trinidad and Tobago energy map to change by October

Trinidad and Tobago's energy map (read more below) and map of wells (right) will change no more than three months after the ongoing Deep Water Competitive Bid Round 2012 comes to an end on July 30, 2012.

The areas in pink (see map below), which measure over 40,000 square kilometers, will be awarded to successful bidders from this Round by October 2012.

Energy Minister Kevin Ramnarine is expected to be asked to give a date when successful bidders will be announced when he speaks to members of the Trinidad and Tobago Chamber of Industry and Commerce on Friday, May 11, 2012.

With new operators in those areas, Trinidad and Tobago will for the first time be utilizing its marine territory as far north as its maritime border with Barbados, and as far east as this country's "Deep Atlantic" border.

The Minister, who will speak at the Chamber's Westmoorings office on a number of other topics as well, is also expected to be asked if the selection of the blocks for bid is as geo-politically strategic as it is an economic. The northerly blocks are in and near the areas where Barbados attempted to challenge this country's national sovereignty in 2004.

This will also be the first time Trinidad and Tobago is allowing drilling that deep below the mudline, 1 to 3.5 kilometres. It is anticipated that the Minister will be asked if Trinidad and Tobago is prepared to respond to a deep water spill the size of the BP oil spill in the Gulf of Mexico in 2010, which took place at a depth of 1.5 kilometres.

Prior to opening the Bid Round, the Ministry took "A New Look at Eastern Deepwater Trinidad; Seismic Interpretation and Exploration Potential," which is a study including a comparison with established deep water plays in Nigeria and the Gulf of Mexico. A BP oil spill leaked 60,000 barrels of oil a day into the Gulf of Mexico in 2010, hurting livelihoods and wildlife in the southern United States.

CAPTION: Trinidad and Tobago Energy Map as at May 8, 2012.


- Graphs from the Trinidad and Tobago Ministry of Energy and Energy Affairs

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