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Trinidad and Tobago Oil and Gas Report Q1 2017

  • November 2016
  • -
  • Business Monitor International
  • -
  • 79 pages

Includes 3 FREE quarterly updates


BMI View:

Shortages of natural gas are expected to persist until the start of the Juniper field in late 2017. These supply challenges will continue to disrupt gas exports and comes amid government concerns over the profitability of liquefied natural gas exports. The government has also called for operators to fully exploit existing acreage, suggesting the emergence of tensions between officials and upstream players. Investment has suffered continued delays due to the current market conditions, underscoring the impact of lower commodity prices.

Latest Updates And Key Forecasts



- T&T disclosed plans to finance a new pipeline that would carry gas from Venezuela's Dragon field, which could contain up to 339bcm of gas. The project would deliver sorely needed new supplies that could help to ease persistent shortages of gas. However the project has not yet been included in our forecasts, given uncertainty over the political and economic situation in Venezuela.

- BPTT commenced its offshore drilling campaign in the Amherstia natural gas field in October in the Columbus basin off the southeast coast of the country. The company contracted the Joe Douglas 240C jack up rig, owned and operated by Rowan Cos., and will drill at least three development wells with hopes of achieving 6.6mcm/d of production.

Table Of Contents

Trinidad and Tobago Oil and Gas Report Q1 2017
BMI Industry View 7
Table: Headline Forecasts (Trinidad and Tobago 2014-2020) 7
SWOT 9
Oil and Gas SWOT 9
Industry Forecast 11
Upstream Exploration 11
Latest Updates 11
Structural Trends 11
Upstream Projects 14
Table: TandT Major Upstream Projects 14
Upstream Production - Oil 16
Latest Updates 16
Structural Trends 16
Table: Oil Production (Trinidad and Tobago 2014-2019) 18
Table: Oil Production (Trinidad and Tobago 2020-2025) 18
Upstream Production - Gas 18
Latest Updates 18
Structural Trends 18
Table: Gas Production (Trinidad and Tobago 2014-2019) 21
Table: Gas Production (Trinidad and Tobago 2020-2025) 21
Refining 22
Latest Updates 22
Structural Trends 22
Table: Refining Capacity And Refined Products Production (Trinidad and Tobago 2014-2019) 24
Table: Refining Capacity And Refined Products Production (Trinidad and Tobago 2020-2025) 25
Refined Fuels Consumption 25
Latest Updates 25
Structural Trends 25
Table: Refined Products Consumption (Trinidad and Tobago 2014-2019) 27
Table: Refined Products Consumption (Trinidad and Tobago 2020-2025) 27
Gas Consumption 27
Latest Updates 27
Structural Trends 27
Table: Gas Consumption (Trinidad and Tobago 2014-2019) 29
Table: Gas Consumption (Trinidad and Tobago 2020-2025) 29
Trade - Oil 30
Latest Updates 30
Crude Oil Trade Forecast 30
Structural Trends 30
Table: Crude Oil Net Exports (Trinidad and Tobago 2014-2020) 31
Table: Crude Oil Net Exports (Trinidad and Tobago 2020-2025) 32
Refined Fuels Trade Forecast 32
Structural Trends 32
Table: Refined Fuels Net Exports (Trinidad and Tobago 2014-2019) 33
Table: Refined Fuels Net Exports (Trinidad and Tobago 2020-2025) 34
Trade - Gas (Pipeline and LNG) 34
Latest Updates 34
Structural Trends 34
Table: Gas Net Exports (Trinidad and Tobago 2014-2019) 38
Table: Gas Net Exports (Trinidad and Tobago 2020-2025) 38
Industry Risk/Reward Index 39
Latin America - Oil and Gas Risk/Reward Index 39
Table: Latin America - Composite Risk/Reward Index 39
Composite RRI: Weaker Prices Extend Traditional Rankings 40
Upstream RRI: Sector Nearing Significant Change 41
Table: Latin America - Upstream Risk/Reward Index 42
Downstream: NOC Dominance Will Extend Capacity Deficit 44
Table: Latin America Downstream Risk/Reward Index 46
Trinidad and Tobago - Risk/Reward Index 47
Upstream Index 47
Downstream Index 48
Market Overview 49
Trinidad and Tobago Energy Market Overview 49
Regulatory Structure 49
Fiscal Regime 50
Table: Trinidad and Tobago - Upstream Tax Regime 50
Table: Trinidad and Tobago - Contracts and Licensing Regime 50
Licensing Rounds 50
Oil And Gas Infrastructure 53
Oil Refineries 53
Table: Oil Refineries In Trinidad and Tobago 54
Oil Storage Facilities 54
Oil Terminals/Ports 54
Table: Trinidad and Tobago - Oil Terminals and Ports 54
LNG Terminals 54
Table: Trinidad and Tobago - Existing And Planned LNG Terminals 55
Gas Storage 55
Table: Trinidad and Tobago - Gas Storage Facilities 55
Table: Trinidad and Tobago -Natural Gas Pipelines 55
Table: Trinidad and Tobago - Crude Oil Pipelines 55
Competitive Landscape 56
Competitive Landscape Summary 56
Table: Key Domestic And Foreign Players 57
Table: Key Upstream Players 58
Table: Key Downstream Players 58
Company Profile 59
Petroleum Company Of TandT (Petrotrin) 59
Table: Table: Major Upstream Assets In TandT 60
Table: Key Financial Data, USDmn 60
BP Energy Company of Trinidad and Tobago (BPTT) 61
Table: Major Upstream Assets In TandT 62
Table: Key Financial Data, USDmn 62
Regional Overview 63
Latin America Overview 63
Table: Latin America Oil And Gas Production, Consumption, Refining Capacity And Trade 70
Glossary 72
Table: Glossary Of Terms 72
Methodology 74
Industry Forecast Methodology 74
Source 76
Risk/Reward Index Methodology 76
Table: Bmi's Oil and Gas Upstream Risk/Reward Index 78
Table: Weighting 79

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