Trinidad & Tobago Government gives go-ahead to new gas province

abarrelfullabarrelfull wrote on 27 Jan 2013 20:18

Latest News

{"module":"feed\/FeedModule","params":{"src":"http:\/\/\/feed\/pages\/pagename\/blog%3A_start\/category\/blog\/limit\/10\/t\/My+Blog","limit":"4","module_body":"* %%linked_title%%"}}
  • Want a weekly review of refining news?

7 December 2000

The Government of Trinidad & Tobago has approved the development of the BG-operated fields located in the country's North Coast Marine Area (NCMA), opening up an important new offshore gas province.

The three gas fields - Hibiscus, Poinsettia, and Chaconia - with total proved and probable reserves of 2.4 trillion cubic feet were initially discovered in 1975 and are located 40 kilometres off the north coast of Trinidad.

A consortium of British, Italian and German energy companies and the Petroleum Company of Trinidad and Tobago Limited (Petrotrin) will develop the area with BG Group as operator and holding 45.9% equity. Co-venturers are ENI of Italy (17.3%), Veba Oil & Gas of Germany (17.3%), and Petrotrin (19.5%). The first well will be drilled in 2001, with production beginning the following year.

The co-venturers will invest about US$300 million in development of Phases 1 & 2, with further phases costing around US$230 million.

Frank Chapman, Chief Executive, BG Group, said: "It is a privilege to be a part of the development of this new gas province which illustrates another key milestone in Trinidad & Tobago's rapidly expanding gas industry. Delivery of gas will underpin the ambitious expansion plans being undertaken by the Atlantic LNG Company to bring Train 2 to completion in 2002 and Train 3 in 2003. We look forward to working with our partners and to the continued support of the Government."

The NCMA co-venturers will supply gas to the two-train expansion of the Atlantic Liquefied Natural Gas (ALNG) plant at Point Fortin when Train 2 comes on-stream in 2002. The NCMA gas will be liquefied by ALNG for shipping and onward sale to customers in the USA, primarily to El Paso Merchant Energy Gas Limited Partners through its Elba Island terminal in Georgia.

A phased platform and subsurface development will access extensive gas reserves in water depths of 500 feet using the most advanced extended reach drilling techniques. The 107km, 24-inch pipeline from NCMA to Point Fortin will be the longest line in Trinidad and Tobago. The capacity of the platform and pipeline is 400 million standard cubic feet per day.

The NCMA gas fields will be developed in four phases. In Phase 1, a manned, four leg, 12-slot platform capable of drilling and production operations will be constructed and installed on the Hibiscus field in September 2001. The pipeline to ALNG will be built, and six wells drilled in the Hibiscus and adjacent Chaconia fields to enable production to begin in 2002.

Three Phase 2 wells will be drilled in 2003 and brought into production immediately. In Phase 3, six subsea wells are planned on the Poinsettia field to begin production in 2009.

A possible Phase 4 would involve the installation of compression facilities on the Hibiscus platform.

NCMA is the unitised acreage of the North Coast Marine Area/1 Production Sharing Contract (PSC) and the adjacent Block 9 licence area. A unitisation agreement to include the Hibiscus, Poinsettia and Chaconia fields within a single unit area was signed on April 14, 2000 by the NCMA/1 PSC Contractor and the Petroleum Company of Trinidad and Tobago Limited (Petrotrin), the sole licensee of Block 9.

Notes to Editors
BG Group's operations in Trinidad include the Dolphin field in the East Coast Marine Area. It currently supplies up to 210 million standard cubic feet of gas per day to the National Company of Trinidad & Tobago under a 20-year supply contract.

In addition, BG Group is a 26 per cent shareholder in the US$1 billion Atlantic LNG plant at Point Fortin in south west Trinidad. The plant produces three million tonnes of LNG per annum and exports this to markets in north eastern USA, Puerto Rico and Spain. Earlier this year ALNG received Government approval to add a further two trains to the plant which will increase capacity to over nine million tonnes per annum.

Related News

{"module":"feed\/FeedModule","params":{"src":"http:\/\/\/feed\/pages\/pagename\/blog%3A_start\/tag\/upstream\/category\/blog\/limit\/10\/t\/My+Blog","limit":"3","module_body":"* %%linked_title%%"}}

Looking for information on the E&P sector?

Unless otherwise stated, the content of this page is licensed under Creative Commons Attribution-ShareAlike 3.0 License