(Source: Shutterstock.com)
BP and The National Gas Company of Trinidad and Tobago Ltd. signed a 20-year natural gas E&P agreement related to the offshore Venezuelan Cocuina gas field.
Development of the Cocuina Field, located in Venezuela’s Plataforma Deltana, will allow Venezuela to develop its non-associated gas reserves and provide Trinidad with gas to supply its ammonia, methanol and LNG sectors.
Cocuina, part of Manakin-Cocuina cross border gas field, will produce an estimated 400 MMcf/d, the Energy Chamber of Trinidad and Tobago said in a July 25 press release. BP already holds the license for the Manakin Field located on the Trinidad side of the maritime border.
Production from the field is anticipated to supply 25% of Trinidad’s petrochemical sector while 75% will be destined to supply Atlantic LNG with much needed feedgas.
“This achievement is unprecedented and has never been done before in Trinidad and Tobago and Venezuela for a cross-border hydrocarbon field,” Stuart Young, the head of Trinidad’s Ministry of Energy and Energy Industries (MEEI) said July 25 in a social media post.
RELATED
Recommended Reading
EY: How AI Can Transform Subsurface Operations
2024-10-10 - The inherent complexity of subsurface data and the need to make swift decisions demands a tailored approach.
Bowman Consulting to Manage, Monitor Delaware Basin Wells
2024-10-14 - Bowman Consulting Group’s scope of work includes conducting detailed field surveys of above-ground infrastructure assets across well sites of up to to 8 acres.
Classic Rock, New Wells: Permian Conventional Zones Gain Momentum
2024-12-02 - Spurned or simply ignored by the big publics, the Permian Basin’s conventional zones—the Central Basin Platform, Northwest Shelf and Eastern Shelf—remain playgrounds for independent producers.
First Helium Plans Drilling of Two Oil Targets in Alberta
2024-11-29 - First Helium Inc. has identified 10 other sites in the Leduc formation.
DNO Discovers Oil in New Play Offshore Norway
2024-12-02 - DNO ASA estimated gross recoverable resources in the range of 27 MMboe to 57 MMboe.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.