BP's Juniper field to produce record amounts of gas, spur jobs
Thursday, August 08 2013 @ 04:05 PM AST
Contributed by: AleemKhan
British integrated oil company BP, through the development of its Juniper field, is expected to add over half a billion cubic feet of gas per day to Trinidad and Tobago's production, Energy Minister Kevin Ramnarine has said. The country's total gas production last year was 1.41 trillion cubic feet (tcf). While speaking at the release of the Ryder Scott audit on July 31 at the Hilton in Port of Spain, Ramnarine said: "BP is also in the process of developing its Juniper field which consists of the Corallita and Lantana fields. Production from Juniper is expected to peak at 555 million standard cubic feet of gas per day (mmscfd). Reserves in Juniper are estimated at just over 1 tcf of natural gas. The highest natural gas producing well in the world, also operated by BP in Trinidad & Tobago, is the Savonette 4 well, which produces 250 mmscfd.
"The Ministry of Energy continues to work with BP to ensure the development of Juniper and we are advised that it is the intention of BP to fabricate the topside and jacket for the associated platform in La Brea, thus resuscitating the long dormant fabrication yard in 2014. That means jobs and economic activity in the South West peninsula," he said.
BPTT COMPLETES US$200 MILLION SEISMIC SURVEY
The minister also announced that bpTT, as BP is known in T&T, "recently finalized the acquisition of seismic data in the Columbus basin using Ocean Bottom Cable (OBC) technology, which is one of the most advanced forms of technology for acquiring seismic datasets."
Processing of the data will take one year and will enable the visualisation of prospects below shallow gas zones and faults which previously obscure seismic signal, Ramnarine said. "The survey cost over US$200 million and is the most expensive survey ever acquired in Trinidad and Tobago. I would say the results have been presented to me both here by BP when I visited the Western Geco Blue Fin vessel, and by (BP Executive Vice President) Mike Daly in London only two months ago. The results are the source of great optimism at BP both in T&T and in London."
JOINT SEISMIC MEANS MORE PROFIT
The energy minister also said BP and BHP Billiton stand to profit more from conducting an upcoming seismic survey together. He said: "Companies which are in the exploration/appraisal stage comprise BP, BGTT, Niko and Centrica. Both BP and BHP are in (the) process of undertaking seismic surveys and geological studies on blocks recently awarded and have indicated their intent to collaborate on a joint 3D seismic survey of the North East coast deepwater blocks. This to me makes sense and is in the national interest as it means lower cost to recover from the production sharing contracts (PSCs) and hence more profit to share with the government. It also means less disruption to the marine environment as there would be one survey instead of two."
- Photo of BP's Cassia platform in Trinidad from BP's website.