You are on page 1of 13

Natural Gas Supply Outlook for

2017 and Beyond


Optimizing Existing Gas Supply
Seeking new reserves
Optimizing Existing Gas Supply

Identify reduce eliminate

Bottle neck in the Where unplanned


upstream supply outages are of
system concern
Optimizing Existing Gas Supply

HOW THIS CAN BE DONE


?THS
Optimizing Existing Gas Supply

Working with suppliers


Optimizing Existing Gas Supply
working with suppliers
Optimizing Existing Gas Supply
Working with suppliers
• TROC project undertaken by bptt in optimizing
upstream gas delivery.
• Expected to be online in 2017
• Expected to deliver approximately 200
MMSCF/d.
• Owned by bpTT, but Atlantic LNG will serve as
its operator.
• Project was sanctioned in July 2016
Seeking new reserves
In the short term
• Mandate: bring new reserves into production
to meet existing upstream contractual
obligations and to cover depletion.
• Two initiatives:
– Development of the Sercan field and Juniper
Project.
BHP Billiton increase output from the Angostura
Phase III, estimated to be 500 bscf of recoverable
natural gas.
Seeking new reserves
In the medium term
• Developing small and marginal fields
• NGC will concomitantly :
– Partnership with MOE & DeNovo Energy Limited
– DeNovo acquired 80% ownership of Blocks 1a and
1b.
– 20% of blocks 1a and 1b is currently owned by
Petrorin which NGC was finalizing the agreement
to acquire Petrorin’s share in the blocks.
Seeking new reserves
In the long term
• NGC partnership with our Venezuelan
neighbor PDVSA ( the Venezuelan state oil
and gas company.
– SHELL was also invited in this joint venture.
– Agreement was finalized in December 2016 for
the development of the Dragon field to create
natural gas supply for Trinidad.
– Loran – Manatee field straddles the maritime
boarder of T&T and Venezuela
Natural Gas Supply Outlook for 2017
and Beyond
Natural Gas Supply Outlook for 2017
and Beyond
Natural Gas Supply Outlook for 2017
and Beyond
References
• https://www.bp.com/en/global/corporate/me
dia/press-releases/bp-trinidad-and-tobago-
starts-up-trinidad-onshore-compression-
project.html
• http://ngc.co.tt/wp-
content/uploads/2017/09/2017-09-
22_sustaining-tt-natural-gas-industry_ii.pdf