Trinidad and Tobago’s Ministry of Energy and Energy Affairs (MEEA) has announced that the 2012 Deep Water Competitive Bid Round is tentatively set to open on the 29th of March.
Leading up to the opening of the round, the MEEA will participate in road shows 21st – 24th of February at NAPE 2012 in Houston, 28th – 29th of February at Trinidad and Tobago Energy Trade Mission in the JW Marriot Houston, and the 8th of March at the MEEA delegation to the High Commission for the Republic of Trinidad and Tobago in London where the six selected deep water blocks nominated will be announced.
The six offshore blocks that are to be nominated and offered will come from locations in the East Coast Marine Area and Trinidad and Tobago Deep Atlantic Area (See Concession Map). This acreage offers a mix of water depths, hydrocarbon play-types and production potential.
PGS, in conjunction with the MEEA, has acquired 6,766 km of marine MultiClient 2D data over approximately 43,000 sq. km of the Trinidad and Tobago offshore area.
PGS TOBAGO TROUGH MC2D 2008: 2,448 km of ultra-long offset, dual-sensor GeoStreamer 2D data located across 9 blocks in the West Tobago Sub-basin and Tobago Platform.
PGS DEEPWATER ECMA MC2D 2008: 1,966 km of ultra-long offset, dual-sensor GeoStreamer 2D data located across 26 blocks in the Barbados Accretionary Complex on the Trinidad and Tobago Deep Atlantic Area.
PGS NCMA-4&5 MC2D 2008: 2,352 km of high resolution 2D located across the Patao High across 2 blocks in the West Tobago Sub-basin and Southeast Tobago Sub-basin between the Tobago Platform and the Araya-Tobago metamorphic basement.
- Trinidad expects $3 Bln in energy exploration in 2012 (mb50.wordpress.com)
- Niko Spuds Stalin Well, Offshore Trinidad (mb50.wordpress.com)
By Linda Hutchinson-Jafar
PORT OF SPAIN, Feb 6 (Reuters) – Upstream companies operating in Trinidad and Tobago will invest $3 billion in oil and gas exploration activities this year, Energy Minister Kevin Ramnarine said on Monday.
“2012 exploration drilling will spring to life after low to moderate activity,” he said at the opening session of the Trinidad and Tobago Energy conference.
Five drilling rigs are currently operating in the country while six seismic programs were continuing or starting in 2012.
Trinidad and Tobago is highly dependent on the energy sector, which contributes close to 40 percent of GDP, 40 percent of revenues and is the largest source of foreign direct investment.
Updating the status of negotiations for deep water blocks in the Atlantic, Ramnarine said discussions have concluded with BP Trinidad and Tobago and he expects sign-off soon, while talks were continuing with BG Trinidad and Tobago and BHP Billiton for deep water acreage.
Ramnarine said the country’s continuing decline in oil production was a “most worrying aspect of the energy sector.”
Oil production, which averaged 92,000 barrels per day in 2011, was hampered by a plant shutdown at the state-owned oil company Petrotrin and by maintenance activity by other small oil producers.
“Any gains in government revenue that could be realized as a result of increased oil prices were negated by falling oil production. It’s hurting the national economy and the country at a time when we should be benefitting from high oil prices,” he told the energy conference.
Oil production has declined to 100,000 barrels of oil per day (bpd) from 145,000 bpd over the last 10 years.
Ramnarine said his ministry is preparing for a road show at the end of the month in Houston to meet with representatives from 200 oil and gas companies that have expressed interest in Trinidad and Tobago.
The ministry will also promote the next deep water bid round, which will be launched next month, he said.
- Niko Spuds Stalin Well, Offshore Trinidad (mb50.wordpress.com)
Shell Oil Company is now producing oil from the world’s deepest subsea well at its Perdido Development, utilizing advanced technology to lead the way in increasing the company’s ability to produce more domestic oil and gas resources.
The well, at 9,627 feet below the water’s surface, is located in the Tobago Field 200 miles southwest of Houston in the ultra-deep water of the Gulf of Mexico. Tobago is jointly owned by Shell (32.5%, as operator), Chevron (57.5%), and Nexen (10.0%) and is one of three fields producing through the Perdido drilling and production platform.
Tobago breaks the world water depth record for subsea production, previously held by another field in the Perdido Development, the Silvertip field at 9,356 feet of water.
“Energy is fundamental to global economic growth. Providing this energy must be met practically, safely and in an environmentally responsible manner,” said Marvin Odum, Upstream Americas Director. “Through our highly skilled workforce and cadre of global geoscientists, Shell has applied its advanced seismic and drilling technologies at Perdido to produce additional sources of oil and gas.”
Moored in about 8,000 feet of water, the Perdido platform is jointly owned by Shell (33.34%), BP (33.33%) and Chevron (33.33%) and is the deepest drilling and production facility in the world with a capacity to handle 100,000 barrels of oil per day and 200 million standard cubic feet of gas per day. From Perdido, Shell accesses the Great White, Tobago, and Silvertip oil and gas fields through subsea wells directly below the facility and from wells up to seven miles away. At its peak, Perdido can produce enough energy to meet the needs of more than two million US households. Shell operates Perdido and its satellite fields on behalf of partners Chevron, Nexen, and BP.
This world-class project began with the 1996 lease sale when the technology to develop hydrocarbons at Perdido’s water depth did not yet exist. By the time the final investment decision for commercial development was made in October 2006, Shell had pioneered several technological firsts which allowed the company to proceed with ultra deepwater oil and gas production. Development drilling began in July 2007, five years after the discovery of hydrocarbons. Perdido produced its first oil and gas on March 31, 2010.
Perdido Technical Facts and Firsts
*Deepest water depth record for an offshore oil drilling and production platform.
*First water injection in 8,000 feet of water in the Gulf of Mexico (Great White GB001) helps push oil through the reservoir, from the injector wells to the production wells.
*First commercial production from the Lower Tertiary geological formation, which many see as the next big opportunity in deep water.
*Deployment of an innovative subsea separation and boosting system that compensates for the low-pressure reservoir and about 2,000 psi of backpressure from the wells. The system includes five specially designed 1,500-horsepower electric pumps embedded in the seafloor to boost production to the surface.
*First spar with direct vertical access wells and production hardware on the seafloor at a depth of more than 8,000 feet.
*Perdido weighs 50,000-tons and sits in water six times deeper than the height of the Empire State Building.
*The entire Perdido project has achieved 13 million man-hours without a lost-time injury, testifying to the effectiveness of the safety regimes put in place by the construction and operating teams.
- Shell Perdido: The first full field subsea separation and pumping system in the Gulf of Mexico. (video) (mb50.wordpress.com)
- Perdido Subsea System (video) (mb50.wordpress.com)
- Shell Perdido: moving the spar into place (video) (mb50.wordpress.com)
- Perdido Hub (mb50.wordpress.com)