(Source: Shutterstock.com)
BP and The National Gas Company of Trinidad and Tobago Ltd. signed a 20-year natural gas E&P agreement related to the offshore Venezuelan Cocuina gas field.
Development of the Cocuina Field, located in Venezuela’s Plataforma Deltana, will allow Venezuela to develop its non-associated gas reserves and provide Trinidad with gas to supply its ammonia, methanol and LNG sectors.
Cocuina, part of Manakin-Cocuina cross border gas field, will produce an estimated 400 MMcf/d, the Energy Chamber of Trinidad and Tobago said in a July 25 press release. BP already holds the license for the Manakin Field located on the Trinidad side of the maritime border.
Production from the field is anticipated to supply 25% of Trinidad’s petrochemical sector while 75% will be destined to supply Atlantic LNG with much needed feedgas.
“This achievement is unprecedented and has never been done before in Trinidad and Tobago and Venezuela for a cross-border hydrocarbon field,” Stuart Young, the head of Trinidad’s Ministry of Energy and Energy Industries (MEEI) said July 25 in a social media post.
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