BP awarded two Trinidad deepwater blocks

BP has been awarded two deepwater exploration and production blocks by the Government of the Republic of Trinidad and Tobago.

BP was awarded a 100% interest in blocks 23(a) and TTDAA 14, both in deepwater frontier acreage offshore Trinidad’s east coast, under production sharing contracts.

BP’s Trinidad operations account for more than half of Trinidad and Tobago’s natural gas output and 12% of BP’s global oil and gas production. The awards will double the acreage held by BP controlled companies in Trinidad and Tobago.

“BP has a long history and major business in Trinidad and Tobago, and we are keen to participate in the next phase of exploring the country’s resources,” said Bob Dudley, BP group chief executive. “These awards mean BP has gained access to 31 new upstream blocks across the world since July last year, a significant step up in new access.”

Block 23(a), located approximately 300 km north east of BP Trinidad and Tobago’s (bpTT’s) Galeota Point operations base, covers approximately 2600 km² in water depths averaging 2,000 m. Block TTDAA 14 which is located next to block 23(a) covers a further 1000 km² in water depths averaging 2000 m.

Read the article online at: https://www.oilfieldtechnology.com/exploration/26072011/bp_awarded_two_trinidad_deepwater_exploration_blocks/