Country report
| |
65 Pages

Trinidad And Tobago upstream summary


Trinidad And Tobago upstream summary

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 includes 2 file(s)

  • Country Overview PDF - 839.90 KB 65 Pages, 31 Tables, 11 Figures
  • Country Overview XLS - 1.32 MB

Description

Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
  • Geology
    • Introduction
    • West Tobago basin
    • Caroni sub-basin
    • Central Range uplift
    • Southern sub-basin
    • Columbus sub-basin
    • Atlantic basin
  • Exploration
    • 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
    • Drilling
      • Drilling activity
    • Columbus sub-basin
    • Central Range uplift
    • Southern sub-basin
      • Success rates
  • Reserves and resources
    • Liquids
    • Gas
  • Production
    • Liquids
    • Gas
      • Domestic demand
      • Liquefied natural gas (LNG)
  • Infrastructure
    • Oil infrastructure
      • Pipelines
      • Refineries
    • Gas infrastructure
      • Pipelines
  • Policy and regulation
    • 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)
  • Fiscal terms
    • 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)

In this report there are 42 tables or charts, including:

  • Executive summary
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Country Map
  • Key companies
    • Liquids and Gas Production 2015
    • Remaining Commercial and Technical Reserves at 01/01/2016
    • Net Acreage 2016
  • Geology
    • Map of Trinidad and Tobago's basins
  • Exploration
    • Exploration: Table 1
    • Exploration: Table 2
    • Exploration: Table 3
    • Exploration: Table 4
    • Exploration: Table 5
    • Exploration: Table 6
    • Exploration Drilling
    • Drilling Activity and Commercial Success Rates
  • Reserves and resources
    • Reserves and resources: Table 1
    • Remaining and Produced Liquids and Gas Reserves
  • Production
    • Production: Table 1
    • Production: Table 2
    • Production: Table 3
    • Production: Table 4
    • Liquids and Gas Production
  • Infrastructure
    • Infrastructure: Table 1
    • Infrastructure: Table 2
    • Oil Infrastructure
    • Infrastructure: Table 3
    • Gas Infrastructure
  • Policy and regulation
  • Fiscal terms
    • Fiscal terms: Table 1
    • Fiscal terms: Table 2
    • Fiscal terms: Table 3
    • Fiscal terms: Table 4
    • Fiscal terms: Table 5
    • Fiscal terms: Table 6
    • Fiscal terms: Table 7
    • Fiscal terms: Table 8
    • Fiscal terms: Table 9
    • Fiscal terms: Table 10
    • Fiscal terms: Table 11
    • Fiscal terms: Table 12
    • Fiscal terms: Table 13
    • Fiscal terms: Table 14
    • GEM models
    • Fiscal terms: Table 16
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions

Mailenquiries@woodmac.com
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

Our 500+ analysts are based in the regions they cover, cultivating an unrivalled depth of understanding to help clients accurately identify new opportunities, define their strategy and improve business performance.

At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.