Trinidad And Tobago upstream summary
Report summary
Table of contents
- 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
- 2018 competitive bid round
- 2020 deepwater bid round
- 2022 shallow water and onshore competitive bid rounds
-
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
-
Oil infrastructure
-
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
-
Mid/Downstream
- Pipelines
- Gas utilisation
- Current fiscal terms
-
Production sharing contract (PSC)
- Basis
- Government equity participation
- Fiscal terms
- Bonuses, rentals and fees
- Royalty
- PSC production sharing
- PSC cost recovery
- PSC profit sharing
- Corporate income tax (petroleum profits tax)
- Additional petroleum tax (supplemental petroleum tax)
- Other taxes
- Fiscal treatment of decommissioning costs
- Product pricing
- Summary of modelled terms
- Sample cashflow
-
Concession
- Basis
- Government equity participation
- Fiscal terms
- Royalty
- Petroleum production levy
- Petroleum impost
- Additional petroleum tax (supplemental petroleum tax)
- Investment tax credit
-
Historical background
- Production sharing contracts
- Bonuses, rentals and fees
- PSC cost recovery
- PSC profit sharing
- PPT and other taxes
- Concession
-
Timeline
- 2017
- 2014
- 2013
- 2011
- 2010
- 2005
- 1974
- 1970
- 1969
-
Fiscal terms
- Royalty
- Supplemental petroleum tax (SPT)
Tables and charts
This report includes 55 images and tables including:
- Key facts: Table 1
- Country Map
- Liquids and Gas Production 2020
- Reserves and contingent resources at 01/01/2023
- Net Acreage 2023
- Map of Trinidad and Tobago's basins
- Exploration Drilling
- Reserves and resources: Table 1
- Liquids and Gas Production and Reserves
- Production: Table 1
- Production: Table 2
- Exploration: Table 1
- Exploration: Table 2
- Exploration: Table 3
- Exploration: Table 4
- Exploration: Table 5
- Exploration: Table 6
- Drilling Activity and Commercial Success Rates
- Production: Table 3
- Production: Table 4
- Liquids and Gas Production
- 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 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
- Fiscal terms: Table 15
- Fiscal terms: Table 16
- Fiscal terms: Table 17
- Fiscal terms: Table 18
- Fiscal terms: Table 19
- Fiscal terms: Table 20
- Fiscal terms: Table 21
- Fiscal terms: Table 22
- Fiscal terms: Table 23
- Fiscal terms: Table 24
- Fiscal terms: Table 25
- Fiscal terms: Table 26
- Fiscal terms: Table 27
- Fiscal terms: Table 28
- Fiscal terms: Table 29
What's included
This report contains:
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