Country report

Trinidad And Tobago upstream summary

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Report summary

Trinidad and Tobago is one of the highest gas producing countries in Latin America using its gas resource base to supply both the domestic and export markets. The biggest single user of gas is the Atlantic LNG project which operates four liquefaction trains. The first LNG cargoes were sold in 1999 and for many years the main market was the United States. However with the rise of shale gas in the United States most of the cargoes are now exported to elsewhere in Latin America Europe ...

What's included

This report contains

  • Document

    Country Overview

    PDF 8.94 MB

  • Document

    Country Overview

    XLS 1.32 MB

  • Document

    Country Overview

    ZIP 10.11 MB

  • Document

    Executive summary

    PDF 77.39 KB

  • Document

    Key facts

    PDF 66.41 KB

  • Document

    Location maps

    PDF 4.06 MB

  • Document

    Key companies

    PDF 108.42 KB

  • Document

    Geology

    PDF 2.63 MB

  • Document

    Exploration

    PDF 173.66 KB

  • Document

    Reserves and resources

    PDF 107.13 KB

  • Document

    Production

    PDF 119.28 KB

  • Document

    Infrastructure

    PDF 1.95 MB

  • Document

    Policy and regulation

    PDF 123.17 KB

  • Document

    Fiscal terms

    PDF 187.92 KB

Table of contents

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
    • Introduction
    • West Tobago basin
    • Caroni sub-basin
    • Central Range uplift
    • Southern sub-basin
    • Columbus sub-basin
    • Atlantic basin
    • Licensing
      • 1989 licensing round
      • 1995 licensing round (Phase One)
      • 1995 licensing round (Phase Two)
      • 1996 licensing round (Phase Three - deepwater)
      • 1999 licensing round
      • 2003 offshore licensing round
      • 2005 licensing round
      • 2006 ultra-deepwater licensing round
      • 2010 licensing round
      • 2012 deepwater licensing round
      • 2013 onshore bid round
      • 2013 deepwater licensing round
      • Drilling activity
    • Columbus sub-basin
    • Central Range uplift
      • Success rates
    • Liquids
    • Gas
    • Liquids
      • Domestic demand
      • Liquefied natural gas (LNG)
    • Key legislation
    • Regulatory body
      • Historical perspective
      • Petrotrin
      • National Gas Company
    • State participation
    • Licensing
      • Concession agreements
      • 1993 production sharing contract (Block E/Dolphin)
      • 1994 model production sharing contract
      • 1995 model production sharing contract
      • 1996 model production sharing contract (deepwater areas)
      • 2001 model production sharing contract
      • 2003 model production sharing contract
      • 2006 model production sharing contract
      • 2010 production sharing contracts
      • 2012 production sharing contracts
      • 2013 production sharing contracts
      • Historical gas prices (domestic)
      • Current gas prices (domestic)
      • Gas prices (LNG)
    • Overview
      • Exploration and production licences
      • Production sharing contracts
      • Pipelines
      • Gas utilisation
    • Current fiscal terms
      • State equity participation
      • Bonuses, rentals and fees
      • Indirect taxes
      • Royalty and other production taxes
      • Contractor revenue entitlement
      • Product pricing
      • PSC cost recovery
      • PSC profit sharing
      • Corporate (or petroleum) income tax
    • PSC cashflow
      • State equity participation
      • Bonuses, rentals and fees
      • Indirect taxes
      • Royalty and other production taxes
      • Domestic market obligation (DMO)
      • Contractor revenue entitlement
      • Product pricing
      • Corporate (or petroleum) income tax
      • Additional profits taxes
      • Supplemental petroleum tax (SPT)
      • Fiscal/contractual ring-fences
      • Dividend withholding tax
      • Other taxes
    • Concession agreement cashflow
      • Production sharing contract
      • Exploration and production licence (concession agreement)

Tables and charts

This report includes 42 images and tables including:

Images

  • Country Map
  • Liquids and Gas Production 2015
  • Remaining Commercial and Technical Reserves at 01/01/2017
  • Net Acreage 2017
  • Map of Trinidad and Tobago's basins
  • Exploration Drilling
  • Remaining and Produced Liquids and Gas Reserves
  • Drilling Activity and Commercial Success Rates
  • Liquids and Gas Production
  • Oil Infrastructure
  • Gas Infrastructure

Tables

  • Key facts: Table 1
  • Reserves and resources: Table 1
  • Production: Table 1
  • Production: Table 2
  • Fiscal terms: Table 6
  • Fiscal terms: Table 7
  • Fiscal terms: Table 8
  • Fiscal terms: Table 12
  • Fiscal terms: Table 13
  • Exploration: Table 1
  • Exploration: Table 2
  • Exploration: Table 3
  • Exploration: Table 4
  • Exploration: Table 5
  • Exploration: Table 6
  • Production: Table 3
  • Production: Table 4
  • Infrastructure: Table 1
  • Infrastructure: Table 2
  • Infrastructure: Table 3
  • Fiscal terms: Table 1
  • Fiscal terms: Table 2
  • Fiscal terms: Table 3
  • Fiscal terms: Table 4
  • Fiscal terms: Table 5
  • Fiscal terms: Table 9
  • Fiscal terms: Table 10
  • Fiscal terms: Table 11
  • Fiscal terms: Table 14
  • GEM models
  • Fiscal terms: Table 16

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