Asset Report
Trinidad and Tobago Trinidad exploration basin
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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:
- Wells drilled
-
Prospective resources by play
- Southern sub-basin Gas
- Southern sub-basin Oil
- Prospective resource costs and underlying development assumptions
-
Prospect economics
- Southern sub-basin gas
- Southern sub-basin oil
-
Oil and gas prices
- Licensing
- Fiscal terms
Tables and charts
This report includes 25 images and tables including:
- Key play characteristics
- Exploration history map
- Drilling activity by well type
- Discoveries and success rate
- Top 10 discoveries
- Current acreage holders
- Southern Sub-basin Gas
- Southern Sub-Basin Oil
- Summary of discovery and development costs
- Henry hub and local gas price assumptions
- Brent crude and local oil price assumptions
- Creaming curve: Southern Sub-Basin Gas
- Prospective resource summary
- Creaming curve: Southern Sub-Basin Oil
- Prospective resource summary
- Unit value of potential discoveries
- Prospect breakeven prices
- Unit value of potential discoveries
- Breakeven price of exploration
- Southern sub-basin gas
- Southern sub-basin oil
- Full-cycle economic analysis
- Production Sharing Contract (PSC) Terms
- Concession Terms
What's included
This report contains:
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