Country Report

Trinidad And Tobago upstream summary

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05 October 2018

Trinidad And Tobago upstream summary

Report summary

A top gas-producer in Latin America - Trinidad and Tobago is one of the highest gas-producing countries in the region. Gas reserves are mostly located offshore and the country is emerging from a period of gas supply shortfalls. The country has also seen a drastic decline in liquids production. Production has gone from over 140,000 barrels a day in 2006 to 67,062 barrels a day in mid-2018. There is, however, some potential heavy oil upside at Petrotrin's offshore fields southwest of ...

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
    • Historical overview
      • 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
      • 2018 competitive bid round
    • Drilling
      • Drilling activity
    • Columbus sub-basin
    • Central Range uplift
    • Southern sub-basin
      • Success rates
    • Liquids
    • Gas
    • Liquids
    • Gas
    • Oil infrastructure
      • Pipelines
    • Gas infrastructure
      • Pipelines
    • Key legislation
    • Regulatory body
    • State oil company
      • Historical perspective
      • Petrotrin
      • National Gas Company
    • State participation
    • Licensing
    • Historical perspective
      • Concession agreements
    • Current regime
      • 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
    • Gas prices
      • Historical gas prices (domestic)
      • Current gas prices (domestic)
      • Gas prices (LNG)
    • Overview
    • Upstream
      • Exploration and production licences
      • Production sharing contracts
    • Mid/Downstream
      • Pipelines
      • Gas utilisation
    • Current fiscal terms
    • Production sharing contracts (PSCs)
      • 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
    • Concessions (royalty/tax)
      • 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
    • Calculation of marginal government take
      • Production sharing contract
      • Exploration and production licence (concession agreement)

Tables and charts

This report includes 42 images and tables including:

  • Key facts: Table 1
  • Country Map
  • Liquids and Gas Production 2018
  • Remaining Commercial and Technical Reserves at 01/01/2018
  • Net Acreage 2018
  • Map of Trinidad and Tobago's basins
  • Exploration Drilling
  • Reserves and resources: Table 1
  • Remaining and Produced Liquids and Gas Reserves
  • Production: Table 1
  • Production: Table 2
  • Production: Table 3
  • Production: Table 4
  • Liquids and Gas Production
  • 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
  • Drilling Activity and Commercial Success Rates
  • Infrastructure: Table 1
  • Infrastructure: Table 2
  • Oil Infrastructure
  • Infrastructure: Table 3
  • Gas Infrastructure
  • 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

What's included

This report contains:

  • Document

    Country Overview

    PDF 9.37 MB

  • Document

    Country Overview

    XLS 1.32 MB

  • Document

    Country Overview

    ZIP 10.48 MB

  • Document

    Executive summary

    PDF 702.15 KB

  • Document

    Key facts

    PDF 684.97 KB

  • Document

    Location maps

    PDF 4.65 MB

  • Document

    Key companies

    PDF 726.42 KB

  • Document

    Geology

    PDF 3.23 MB

  • Document

    Exploration

    PDF 789.43 KB

  • Document

    Reserves and resources

    PDF 723.00 KB

  • Document

    Production

    PDF 724.49 KB

  • Document

    Infrastructure

    PDF 2.54 MB

  • Document

    Policy and regulation

    PDF 737.06 KB

  • Document

    Fiscal terms

    PDF 799.42 KB

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