Asset Report

Trinidad and Tobago Trinidad exploration basin

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18 February 2020

Trinidad and Tobago Trinidad exploration basin

Report summary

The Trinidad basin in Trinidad & Tobago has over a century of exploration history, with over 2.67 billion barrels of reserves discovered. However, in recent years explorers have struggled to create value due to the small discovery sizes and low remaining prospectivity of this mature basin. PSC terms were introduced for the 2010 and subsequent licence rounds, which reduced government profit share and allow improved economics for discoveries. Explorers further benefit from low development costs and short lead times due to the abundant infrastructure in the basin. Within the basin the southern sub-basin play covers southern Trinidad, an important oil producing province (second only to the Columbus basin) and yields most of Trinidad's onshore fields plus the majority of the offshore Gulf of Paria fields. Our outlook in this report is confined solely to the oil play in this southern sub-basin; we identify the remaining yet-to-find resource and analyse the returns possible.

Table of contents

  • Key issues include:

Tables and charts

This report includes 3 images and tables including:

  • Exploration history map
  • Exploration wells by play
  • Key play characteristics

What's included

This report contains:

  • Document

    Trinidad Trinidad.zip

    ZIP 7.93 MB

  • Document

    Trinidad and Tobago Trinidad exploration basin

    ZIP 9.32 MB

  • Document

    Trinidad and Tobago Trinidad exploration basin

    ZIP 9.32 MB