1. Exploration Opportunities 2009-2010
AAPG ICE 2009, Rio de Janeiro
Exploration Opportunities
Ministry of Energy and Energy Industries
Government of the Republic of Trinidad and Tobago

2. Regional Setting

3. Government’s Focus Increase oil and gas reserves
Increase oil and gas production
Enabling greater participation of nationals and national enterprises
Sustainable energy development

4. Hydrocarbon Production in Trinidad and Tobago
ALNG IV
(MBOED)
ALNG III
Projected
ALNG II
ALNG I
Gas Production started to exceed oil production in mid 1960s. Need to redress the imbalance while still prospecting for gas to meet current and new demand
Pt. Lisas Construction Begins
Natural Gas used to produce Power and Ammonia
First Oil Refinery Established

5. Production statistics
2017 Projected with Train X
GAS PROCESSING 1%
METHANOL MANUFACTURE
10%
REFINERY
AMMONIA AND UREA
MANUFACTURE
SMALL CONSUMERS
Down Stream Ammonia 4%
New Metals and
Plastics 7%
Down Stream
Methanol 4%
LNG 'Train X'
13%
Atlantic (LNG)
39%
POWER GENERATION 7%
Total
6042 MMscfd
Train X is still considered a viable option but there has to be considerable quantities of new gas discovered to move forward with this project.

6. Current & Future Opportunities
Speak to the water depth

7. Hydrocarbon Plays NCMA Central Range Gulf of Paria - Northern Basin
Soldado - Southern Basin
Columbus Basin

8. Shallow water opportunities (NCMA)

9. Shallow water opportunities (NCMA)
Proven trap styles
1968, 1977, 1980 and D seismic data
Recent biogenic gas discoveries (2007) in adjacent block
Water depth range m

10. Shallow water opportunities (ECMA)

11. Shallow water opportunities (North Marine)
Prospective for both oil and gas
Gas field
Oil field

12. Gas Prospectivity

13. Heavy oil opportunities

14. Bid Round Information
Licensing round for Shallow water opportunities due to open end November
The Ministerial Order is currently being drafted
All material related to the round will be published on the web page.
Need to update our address books to keep in touch with individual companies, so ask for their cards.

15. Trinidad and Tobago Deep Atlantic

16. “Ultra deep-water” exploration
Trinidad Deep Atlantic Seismic Programme 2002

17. “Ultra deep-water” exploration
Barbados
Oil –prone domain (Dynamic Global Advisors, Houston)
Barbados Exploration (Sandy Lane well)
Piston cores

18. Deep Water G&G Basin Studies

19. Shallow and Average Water Depth
Revised Fiscal Terms to Encourage Exploration
Shallow and Average Water Depth
Different terms for shallow, average and deep water exploration
Government share is calculated on a matrix
Consideration given to marginal fields and tail-end production
Low prices and low production reduced or no government share
Carried participation of 20% in Shallow
No carried participation in average

20. Revised Fiscal Terms to Encourage Exploration Deep Water
The stakeholder consultations elicited some fundamental comments on the deep water fiscal regime
These are currently being addressed
Very likely that there will be a change to the proposal originally presented.

21. Competitive Bidding Order Process
Consultation
Approval
Acceptance
Publication

22. Conclusion Numerous shallow and deep water investment opportunities
Potential for oil, natural gas, condensate, heavy oil
New fiscal incentives to encourage exploration
Expansive downstream natural gas industries

23. Thank you for your attention
Please visit us at Booth 908 of the International Pavilion to answer any questions
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