Offshore staff
LONDON – Trinidad and Tobago is expected to contribute about 25% (820 MMcf/d) of the Americas natural gas production in 2025 from planned and announced projects (excluding the US L48), according to GlobalData.
The company’s report, ‘Americas Oil and Gas Upstream Development Outlook to 2025’, reveals that 514 MMcf/d of natural gas production in Trinidad and Tobago in 2025 is expected from planned projects with identified development plans, while 306 MMcf/d is expected from early-stage announced projects that are undergoing conceptual studies and are likely to be approved.
Of the seven natural gas projects expected to start operations in Trinidad and Tobago during 2021-2025, Colibri and Matapal could collectively contribute around 58% of the country’s gas production in 2025.
Svetlana Doh, Oil & Gas Analyst at GlobalData, said: “Despite quite a positive outlook for the country’s production in the near term, GlobalData projects that natural gas output in Trinidad and Tobago will start declining after 2024. Since most of the developed and undeveloped shallow-water blocks are already licensed, more aggressive exploration work needs to be conducted regarding deepwater acreage.
“The country offered some deepwater blocks in the 2020 deepwater competitive bid round, but the round was delayed until 2021. Further delays could be expected due to the sudden death of Trinidad and Tobago’s energy minister in April 2021.”
The analyst sees the US as the second highest country in the Americas with 608 MMcf/d of natural gas production in 2025 or about 18% of the total Americas natural gas production that year. Brazil follows with 538 MMcf/d from planned and announced projects in 2025.
Among companies, bp, China National Petroleum, and Petrobras lead with the highest natural gas production of 421 MMcf/d, 412 MMcf/d and 387 MMcf/d, respectively, in 2025.
09/10/2021
