Successful bids will be announced four months later. (Source: Shutterstock)
Thirteen blocks are available in Trinidad and Tobago’s 2023 Shallow Water Competitive Bidding Round.
On offer are Block 1(b), Block 2(ab), Block 2(d), Block 4(c), Block Lower Reverse L, Block Modified U(c), Guayaguayare (Offshore) Block, Block 21, Block 22(a), Block 22(b), Block NCMA 2, Block NCMA 3 and Block NCMA 4(a). The blocks are along the western, eastern, southern and northern coasts of Trinidad and Tobago, and many are adjacent to already licensed blocks.
The round launched Oct. 3 with bids due on April 2, 2024. Successful bids will be announced four months later.
There is no pre-bid fee required for participation, and the data package is available at no cost. An upstream activity map is also available.
Recommended Reading
NatGas Inventories Hold Back Price Despite Summer’s Demand Boost
2024-06-21 - The U.S. Energy Information Administration’s storage report shows storage levels drifting back down to normal.
KC Fed Survey: NatGas to Rise, but Not Enough for Profitability
2024-07-15 - The Kansas City Federal Reserve Bank’s energy survey saw activity decline in the second quarter as producers look to the back half of 2024 for natural gas prices to improve—but not enough to turn a profit.
Kissler: Are We Set Up for a Summer Natural Gas Rally?
2024-07-02 - A warmer-than-normal season could jolt prices.
Diversified to Buy East Texas NatGas Assets from Crescent Pass
2024-07-10 - Diversified Energy’s $106 million deal with Crescent Pass Energy comes during a prolonged dip in natural gas prices that some analysts expect to rebound as demand ramps up for LNG exports and power demand.
EIA Estimates Declined Rates of Flaring, Venting NatGas in 2023
2024-06-20 - Even as the rates of natural gas venting and flaring fell, according to Energy Information Administration data, another study shows CO2 emissions continued to rise globally.