In 2014, the government of Trinidad and Tobago enacted new tax incentives that will make the country more appealing to international hydrocarbons companies, offering greater rewards for operators with activities offshore.
The country’s yearly reduction in reserves has stabilised and the next few years should show growth in oil production and deepwater exploration. In 2012, BP’s local subsidiary BPTT discovered 28.3 bcm (1 tcf) of natural gas in its Savonette field, the largest gas discovery Trinidad and Tobago has seen since 2007.
Produced in partnership with the Energy Chamber of Trinidad & Tobago, The Oil & Gas Year Trinidad and Tobago 2014 features interviews with the principle players, including Minister of Energy and Energy Affairs Kevin Ramnarine and the president of BPTT, Norman Christie. Illustrated throughout with maps and graphs, this analysis of a small but dynamic market is a vital resource for investors.