Production sharing contracts for two deepwater blocks offshore Trinidad & Tobago have been signed by a consortium of BHP Billiton and BG Group.
The consortium signed the PSCs for blocks TTDAA 3 and TTDAA 7 with the Ministry of Energy & Energy Affairs. BHP, the operator, has a 65% interest in the blocks with partner BG to hold the remainder.
Blocks TTDAA 3 and TTDAA 7 lie in water depths ranging from 1,500-2,500 m (4,921-8,202 ft) approximately 145 km off Trinidad’s eastern coast.
A seismic survey over blocks TTDAA 5, 6, 14, 23(a), 23(b), 28 and 29, which got underway earlier this year, is also nearing completion.
Recommended Reading
Supply Disruptions Ahead as Canadian Rail Workers Vote for Strike
2024-05-01 - The union, representing more than 9,000 employees at Canadian National Railway and Canadian Pacific Kansas City, announced that 95% of its members approved of a strike, which could happen as early as May 22.
Vision RNG Expands Leadership Team
2024-05-01 - Vision RNG named Adam Beck as vice president of project execution, Doug Prechter as vice president of finance and Beckie Dille as HR manager.
OGInterview: Building EIV Capital’s Midstream Investment Strategy
2024-05-01 - Midstream-focused EIV Capital has added non-operated assets and transition projects to its portfolio as a sign of the times.
NOG Lenders Expand Revolving Credit Facility to $1.5B
2024-04-30 - Northern Oil and Gas’ semi-annual borrowing-base redetermination left its reserved-based lending unchanged at $1.8 billion.
Imperial Oil Names Exxon’s Gomez-Smith as Upstream Senior VP
2024-04-30 - Cheryl Gomez-Smith, currently director of safety and risk at Exxon Mobil’s global operations and sustainability business, will join Imperial Oil in May.