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  5. > Trinidad and Tobago Oil and Gas Industry Outlook- Trends, Business Prospects, Infrastructure, Investments and Competition to 2025

Trinidad and Tobago oil and gas sector is constantly undergoing active transformation from the past few years. The country is expected to witness significant growth and attract new investments in the medium to long term future. Amidst the series of recent developments, the report from the author proves a strong guide for strategy formulation of all the players interested in Trinidad and Tobago oil and gas.

Trinidad and Tobago oil and gas industry report provides complete information on the industry trends, infrastructure, investments, competition and developments to 2025. The report provides key trends driving the Trinidad and Tobago oil and gas industry. It also details forecasts of supply and demand of oil, gas, gasoline, LPG, diesel, fuel oil along with Primary energy consumption, GDP, population. Further, asset wise capacity outlook of refining (CDU), coking, FCC, HCC, Storage, liquefaction, regasification are provided to 2020.

The report provides information on all operational and planned oil and gas assets in Trinidad and Tobago. Further, investment and new business opportunities in the country’s oil and gas sector are identified. The research work examines the existing infrastructure (oil and gas assets), market conditions, investment climate and competitive landscape of upstream, midstream and downstream sectors.

SWOT Analysis and benchmarking tools are used to analyze and compare the real prospects and challenges of investing or expanding in the industry. Further, the report details all the investment opportunities sector wise, highlighting the industry growth potential and project feasibility. Detailed information on new fields, blocks, pipelines, refineries, storage assets and LNG terminals along with the investments required, current status of the projects and commencement feasibility are provided. The report also analyzes three key companies in Trinidad and Tobago oil and gas industry. Business operations, SWOT Analysis and financial performance of the companies are provided. All latest developments in the industry along with their possible impact on the industry are included in the report.

Table Of Contents

Trinidad and Tobago Oil and Gas Industry Outlook- Trends, Business Prospects, Infrastructure, Investments and Competition to 2025
1 Table of Contents 2
1.1 List of Tables 7
1.2 List of Figures 10
2 Trinidad and Tobago Oil and Gas Industry Overview 11
2.1 Trinidad and Tobago Oil and Gas Market Snapshot, 2014 11
2.2 Trinidad and Tobago Demographic Overview 12
2.3 Trinidad and Tobago Proven Oil and Gas Reserves 14
2.4 Trinidad and Tobago Oil and Gas Supply and Demand Scenario 15
2.5 Trinidad and Tobago Oil and Gas Value Chain Analysis 16
2.6 Trinidad and Tobago Total Primary Energy Demand, 2000- 2025 18
2.7 Trinidad and Tobago Primary Energy Consumption Mix by Fuel, 2014 19
2.8 Oil and Gas Operational Infrastructure 20
2.8.1 Trinidad and Tobago Upstream Oil and Gas Assets 20
2.8.2 Trinidad and Tobago Midstream Oil and Gas Assets 20
2.8.3 Trinidad and Tobago Downstream Oil and Gas Assets 22
2.9 Trinidad and Tobago Licensing and Regulatory Authorities 23
3 Key Trends in Trinidad and Tobago Oil and Gas Markets 24
3.1 Increased deepwater exploration activities Likely to Boost Oil Production 24
3.2 Trinidad and Tobago Join Hands with Venezuela to Explore Joint offshore Areas 24
3.3 Methanol and Ammonia Manufacturing Sector Drives Natural Gas Demand in Trinidad and Tobago 25
3.4 Gabon Supplies over half of the Trinidad and Tobago Crude Imports 26
3.5 Trinidad and Tobago GDP to Reach $49 Billion by 2025 27
3.6 Trinidad and Tobago Population to Grow to 1.5 million 28
4 New Business Opportunities in Trinidad and Tobago Oil and Gas Industry 29
4.1 Trinidad and Tobago Upstream Opportunities 29
4.1.1 Blocks on offer 29
4.1.2 Recent Exploration Activities 30
4.1.3 Exploration Block Details 31
4.2 Trinidad and Tobago Midstream Opportunities 33
4.2.1 Planned Pipelines 33
4.3 Trinidad and Tobago Downstream Opportunities 33
4.3.1 Planned Refinery Projects 33
4.3.2 Planned Storage Terminals 33
5 Trinidad and Tobago Oil and Gas SWOT Analysis 34
5.1 Key Strengths of Investing in Trinidad and Tobago Oil and Gas Markets 34
5.2 Key Weaknesses Faced by Companies in Trinidad and Tobago Oil and Gas Markets 35
5.3 Key Opportunities for New Entrants, Companies and Investors in Trinidad and Tobago Oil and Gas Markets 35
5.4 Key Threats and Challenges Faced by Trinidad and Tobago Oil and Gas Players 36
6 Trinidad and Tobago Oil, Gas, Products Production and Consumption Outlook to 2025 37
6.1 Trinidad and Tobago Crude Oil Demand Outlook to 2025 37
6.2 Trinidad and Tobago Natural Gas Demand Outlook to 2025 39
6.3 Trinidad and Tobago Gasoline Demand Outlook to 2025 41
6.4 Trinidad and Tobago Diesel Oil Demand Outlook to 2025 43
6.5 Trinidad and Tobago LPG Demand Outlook to 2025 45
6.6 Trinidad and Tobago Crude Oil Supply Outlook to 2025 47
6.7 Trinidad and Tobago Natural Gas Supply Outlook to 2025 49
6.8 Trinidad and Tobago Gasoline Supply Outlook to 2025 51
6.9 Trinidad and Tobago Diesel Oil Supply Outlook to 2025 53
6.10 Trinidad and Tobago Fuel Oil Supply Outlook to 2025 55
6.11 Trinidad and Tobago LPG Supply Outlook to 2025 57
7 Comparison of Trinidad and Tobago with African Oil and Gas Markets 59
7.1 Overall Ranking of Markets, 2014 59
7.2 Demographic and Economic Index 59
7.3 Oil and Gas Supply Index 60
7.4 Oil and Gas Demand Index 60
7.5 Oil and Gas Infrastructure Index 61
8 Trinidad and Tobago Oil and Gas Industry Competitive Landscape 62
8.1 Oil Production Sector- Market Structure, 2013 62
8.2 Gas Production Sector- Market Structure, 2013 63
8.3 LNG Sector- Market Structure, 2014 64
8.4 Refining Sector- Market Shares by Company, 2014 65
8.5 Oil Storage Sector- Market Shares by Company, 2014 66
9 Trinidad and Tobago Exploration and Production Market Analysis 67
9.1 Crude Oil Production, 2005- 2013 67
9.1.1 Crude Oil Production by Field, 2005- 2013 67
9.1.2 Crude Oil Production by Company, 2005- 2013 68
9.2 Natural Gas Production, 2005- 2013 68
9.2.1 Natural Gas Production by Field, 2005- 2013 68
9.2.2 Natural Gas Production by Company, 2005- 2013 69
10 Trinidad and Tobago Oil Refinery Market Analysis and Outlook to 2020 70
10.1 Trinidad and Tobago Refining Industry 70
10.1.1 Refining Capacity Outlook to 2020 70
10.1.2 Refinery Complexity 70
10.2 Trinidad and Tobago Refinery Throughputs, January 2014- March 2015 71
10.3 Trinidad and Tobago Refining Capacity Forecast by Refinery, 2005-2020 71
10.4 Trinidad and Tobago FCC Capacity Forecast, 2005-2020 72
10.5 Trinidad and Tobago HCC Capacity Forecast, 2005-2020 72
10.6 Trinidad and Tobago Reformer Capacity Forecast, 2005-2020 72
10.7 Trinidad and Tobago Hydro- treating Capacity Forecast, 2005-2020 73
10.8 Trinidad and Tobago Visbreaking Capacity Forecast, 2005-2020 73
10.9 Trinidad and Tobago Alkylation Capacity Forecast, 2005-2020 73
10.10 Trinidad and Tobago Isomerisation Capacity Forecast, 2005-2020 74
10.11 Location, Operator, Ownership, Start Up Details of Operational Refineries in Trinidad and Tobago 74
10.12 Company wise Refining Capacity, 2005-2020 75
11 Trinidad and Tobago Liquefied Natural Gas Market Analysis and Outlook to 2020 76
11.1 Trinidad and Tobago LNG Industry Overview 76
11.2 Trinidad and Tobago- LNG and NGLs Sales (MMBtu) by Train, January 2014-March 2015 77
11.3 Trinidad and Tobago, LNG Capacity Outlook to 2020 78
11.3.1 Trinidad and Tobago, Liquefaction Capacity Outlook to 2020 78
11.4 LNG Terminals under Operation, 2014 79
11.5 Trinidad and Tobago, LNG Capacity by Terminal, 2005-2020 80
11.5.1 LNG Liquefaction Capacity by Terminal, 2005-2020 80
11.6 LNG Industry Competitive Landscape 81
11.6.1 Trinidad and Tobago LNG Liquefaction Capacity by Company, 2005-2020 81
12 Trinidad and Tobago Storage Market Analysis and Outlook 82
12.1 Trinidad and Tobago Storage Capacity Forecast, 2005-2020 82
12.2 Location, Operator, Ownership, Start Up Details of Operational Oil and Gas Storage Terminals in Trinidad and Tobago 82
12.3 Trinidad and Tobago Storage Capacity Forecast by Terminal, 2005-2020 83
12.4 Location, Operator, Ownership, Start Up Details of Planned Terminals in Trinidad and Tobago 84
12.5 Company wise Storage Capacity, 2014 84
13 Trinidad and Tobago Transmission Pipeline Market Analysis and Outlook to 2020 85
13.1 Major Crude Oil Pipelines in Trinidad and Tobago 85
13.2 Major Gas Pipelines in Trinidad and Tobago 85
13.3 Major Product Pipelines in Trinidad and Tobago 87
14 Key Players In Trinidad and Tobago Oil and Gas Markets 88
14.1 Petroleum Company of Trinidad and Tobago Limited 88
14.1.1 Overview 88
14.1.2 Key Subsidiaries 89
14.1.3 Business Operations 92
14.1.4 SWOT Analysis 93
14.1.5 Contact Information 96
14.1.6 Financial Analysis 96
14.2 ENI SpA 97
14.2.1 Overview 97
14.2.2 Geographical Operations 98
14.2.3 Business Operations 99
14.2.4 SWOT Analysis 102
14.2.5 Contact Information 103
14.2.6 Key Financial Information 104
14.3 The National Gas Company of Trinidad and Tobago Limited 105
14.3.1 Overview 105
14.3.2 Key Subsidiaries 105
14.3.3 Business Operations 106
14.3.4 Infrastructure Assets 107
14.3.5 SWOT Analysis 108
14.3.6 Contact Information 109
14.3.7 Key Financial Information 110
15 Latest Oil and Gas Industry Developments in Trinidad and Tobago 111
15.1 LGO confirms pay and completes drilling at GY-672 onshore Trinidad- April 2015 111
15.2 US, Trinidad back regional gas conversions- April 2015 112
15.3 LGO spuds first of seven planned Goudron field development wells in Trinidad- April 2015 114
15.4 MHI -Signing an agreement for the construction of a methanol and dimethyl ether plant in Trinidad and Tobago- March 2015 116
15.5 Trinidad LNG on way to Argentina- March 2015 117
15.6 Venezuela, Trinidad and Tobago sign natural gas exploration, refinery deals- February 2015 117
15.7 Trinidad Drilling to cut staff by 20% in response to low oil prices- February 2015 118
15.8 Rex strikes oil at two wells onshore Trinidad- January 2015 119
15.9 InterMoor completes mooring and foundation installation for BP off Trinidad and Tobago- January 2015 121
15.10 Ministry of Energy signs Production Sharing Contracts for Two Deep Water Blocks- December 2014 122
15.11 First gas from the Starfish field in Trinidad and Tobago- December 2014 123
15.12 Leni Gas and Oil start selling from Goudron Field storage tank- October 2014 124
15.13 Natural gas curtailments in Trinidad and Tobago due to lack of investment: BPTT- September 2014 125
16 Appendix 128
16.1 Abbreviations 128
16.2 Sources and Methodology 128
16.3 Contact Information 129
16.4 Disclaimer 129

Table 1: Trinidad and Tobago Oil and Gas Industry Overview, 2014 11
Table 2: Trinidad and Tobago Proven Oil and Gas Reserves, 2000- 2013 14
Table 3: Trinidad and Tobago Exploration- Available Block Details (I) 29
Table 4: Trinidad and Tobago Exploration- Available Block Details (II) 30
Table 5: Trinidad and Tobago Exploration- Recent Awarded Block Details, 2014 30
Table 6: Trinidad and Tobago Exploration- Offered Block Details (I) 31
Table 7: Trinidad and Tobago Exploration- Offered Block Details (II) 32
Table 8: Trinidad and Tobago Crude Oil Demand Forecast, 2000-2025 37
Table 9: Trinidad and Tobago Natural Gas Demand Forecast, 2000-2025 39
Table 10: Trinidad and Tobago Gasoline Demand Forecast, 2003-2025 41
Table 11: Trinidad and Tobago Diesel Oil Demand Forecast, 2000-2025 43
Table 12: Trinidad and Tobago LPG Demand Forecast, 2000-2025 45
Table 13: Trinidad and Tobago Crude Oil Supply Forecast, 2000-2025 47
Table 14: Trinidad and Tobago Natural Gas Supply Forecast, 2000-2025 49
Table 15: Trinidad and Tobago Gasoline Supply Forecast, 2000-2025 51
Table 16: Trinidad and Tobago Diesel Oil Supply Forecast, 2000-2025 53
Table 17: Trinidad and Tobago Fuel Oil Supply Forecast, 2000-2025 55
Table 18: Trinidad and Tobago LPG Supply Forecast, 2000-2025 57
Table 19: Trinidad and Tobago Oil and Gas Benchmarking- Overall Ranking 59
Table 20: Trinidad and Tobago Oil and Gas Benchmarking- Demographic and Economic Index 59
Table 21: Trinidad and Tobago Oil and Gas Benchmarking- Supply Index 60
Table 22: Trinidad and Tobago Oil and Gas Benchmarking- Demand Index 60
Table 23: Trinidad and Tobago Oil and Gas Benchmarking- Infrastructure Index 61
Table 24: Trinidad and Tobago Crude Oil Production by Field, Thousand Barrels, 2005- 2013 67
Table 25: Trinidad and Tobago Crude Oil Production by Major Company, Kb/d, 2005- 2013 68
Table 26: Trinidad and Tobago Natural Gas Production by Field, Mmcf/d, 2005- 2013 (I) 68
Table 27: Trinidad and Tobago Natural Gas Production by Company, MMcfd, 2005- 2013 69
Table 28: Trinidad and Tobago Refining Capacity Forecast, kb/d, 2005-2020 70
Table 29: Trinidad and Tobago Number of Refineries and Capacity by Complexity, 2014 70
Table 30: Trinidad and Tobago Refining Capacity Forecast by Refinery, Kb/d, 2005-2020 71
Table 31: Trinidad and Tobago FCC Capacity Forecast by Refinery, Kb/d, 2005-2020 72
Table 32: Trinidad and Tobago HCC Capacity Forecast by Refinery, Kb/d, 2005-2020 72
Table 33: Trinidad and Tobago Reformer Capacity Forecast by Refinery, Kb/d, 2005-2020 72
Table 34: Trinidad and Tobago Hydro-treating Capacity Forecast by Refinery, kb/d, 2005-2020 73
Table 35: Trinidad and Tobago Visbreaking Capacity Forecast by Refinery, Kb/d, 2005-2020 73
Table 36: Trinidad and Tobago Alkylation Capacity Forecast by Refinery, kb/d, 2005-2020 73
Table 37: Trinidad and Tobago Isomerisation Capacity Forecast by Refinery, kb/d, 2005-2020 74
Table 38: Operational Refineries in Trinidad and Tobago - Start Up, Location, Operator, Ownership Details 74
Table 39: Trinidad and Tobago- Company wise Refining Capacities (Kb/d), 2005-2020 75
Table 40: Trinidad and Tobago- LNG and NGLs Sales (MMBtu) by Train, January 2014-March 2015 77
Table 41: Trinidad and Tobago, LNG Liquefaction Capacity Outlook to 2020 78
Table 42: Trinidad and Tobago LNG Terminal Details- Location, Operator, Ownership, Technology, Capacity and Infrastructure (I) 79
Table 43: Trinidad and Tobago LNG Terminal Details- Location, Operator, Ownership, Technology, Capacity and Infrastructure (II) 79
Table 44: Trinidad and Tobago LNG Terminal Details- Location, Operator, Ownership, Technology, Capacity and Infrastructure (III) 80
Table 45: Trinidad and Tobago Liquefaction Capacity By Terminal (mtpa), 2005-2020 80
Table 46: Trinidad and Tobago LNG Liquefaction Capacity Forecast by Company (mtpa), 2005-2020 81
Table 47: Trinidad and Tobago Total Storage Capacity Forecast, Mmcm, 2005-2020 82
Table 48: Storage Terminals in Trinidad and Tobago - Start Up, Location, Operator, Ownership Details 82
Table 49: Trinidad and Tobago Storage Capacity Forecast by Terminal, Thousand m3, 2005-2020 83
Table 50: Planned Storage Terminals in Trinidad and Tobago - Start Up, Location, Operator, Ownership Details 84
Table 51: Trinidad and Tobago- Company wise Storage Capacity, 2014 84
Table 52: Trinidad and Tobago- Major Crude Oil Pipelines 85
Table 53: Trinidad and Tobago- Major Gas Pipelines (I) 85
Table 54: Trinidad and Tobago- Major Gas Pipelines (II) 86
Table 55: Trinidad and Tobago- Major Product Pipelines 87
Table 56: Petroleum Company of Trinidad and Tobago Limited- Top Level Information 88
Table 57: Petrotrin - Financial Overview ( TT$ Million), 2012-2013 96
Table 58: ENI SpA- Top Level Information 97
Table 59: ENI SpA- Geographical Presence 98
Table 60: ENI S.p.A - Productive Oil and Gas wells, 2014 99
Table 61: ENI S.p.A, Financial Highlights, 2013-2014 104
Table 62: NGC Trinidad and Tobago Limited - Top Level Information 105
Table 63: NGC- Key Financial Information 110

Figure 1: Trinidad and Tobago Map and Geographic Boundaries 13
Figure 2: Trinidad and Tobago Proven Oil Reserves, 2000- 2013 14
Figure 3: Trinidad and Tobago- Refinery Products Production, Kb/d, 2014 16
Figure 4: Trinidad and Tobago Primary Energy Demand Forecast, 2000- 2025 18
Figure 5: Trinidad and Tobago Primary Energy Demand by Fuel, 2015 19
Figure 6: Trinidad and Tobago- Natural Gas Demand by Sector, 2014 25
Figure 7: Trinidad and Tobago- Crude Oil Imports by Supply Country, 2014 26
Figure 8: Trinidad and Tobago GDP Forecast, 2000- 2025 27
Figure 9: Trinidad and Tobago Population Forecasts, 2000- 2025 28
Figure 10: Trinidad and Tobago Crude Oil Demand Forecast, 2000-2025 38
Figure 11: Trinidad and Tobago Natural Gas Demand Forecast, 2000-2025 40
Figure 12: Trinidad and Tobago Gasoline Demand Forecast, 2000-2025 42
Figure 13: Trinidad and Tobago Diesel Oil Demand Forecast, 2000-2025 44
Figure 14: Trinidad and Tobago LPG Demand Forecast, 2000-2025 46
Figure 15: Trinidad and Tobago Crude Oil Supply Forecast, 2000-2025 48
Figure 16: Trinidad and Tobago Natural Gas Supply Forecast, 2000-2025 50
Figure 17: Trinidad and Tobago Gasoline Supply Forecast, 2000-2025 52
Figure 18: Trinidad and Tobago Gas/Diesel Oil Supply Forecast, 2000-2025 54
Figure 19: Trinidad and Tobago Kerosene Supply Forecast, 2000-2025 56
Figure 20: Trinidad and Tobago LPG Supply Forecast, 2000-2025 58
Figure 21: Oil Production Industry- Market Structure, 2013 62
Figure 22: Gas Production Industry- Market Structure, %, 2013 63
Figure 23: Trinidad and Tobago LNG Industry- Market Structure, %, 2014 64
Figure 24: Refining Industry- Market Structure, %, 2014 65
Figure 25: Oil Storage Industry- Market Structure, %, 2014 66
Figure 26: Trinidad and Tobago- Refinery Throughput, Kb/d, January 2014- March 2015 71
Figure 27: NGC Trinidad and Tobago Holdings 106

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