Trinidad News, Tobago News

Welcome to Breaking News Trinidad and Tobago
Friday, November 17 2017 @ 10:42 PM AST

BHP Billiton found 4 to 5 tcf of gas at LeClerc, Trinidad

Franklin Khan speaks during budget debate for fiscal 2018;t=56m06s

* Single biggest impact on government revenue were 2014 allowances (tax write-offs) given to oil and gas companies

* EOG Resources is now the 2nd largest gas producer in Trinidad & Tobago (1st is BP; 2nd used to be BG {now Shell})

* Trinidad & Tobago Energy Minister Franklin Khan: It costs US$100 million to drill for oil and gas in deep water
* "The chances are if BP and (Royal Dutch) Shell are to find new fields they would be medium-sized to -small": Energy Minister

* BHP Billiton's LeClerc "has found possibly 4 to 5 trillion cubic feet (TCF) of gas"
* BHP Billiton to bring back rig in April next year

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