South America / GoM

Trinidad flag
Summary | Profile

Country profile: Trinidad

Location: Caribbean, islands between the Caribbean Sea and the North Atlantic Ocean, northeast of Venezuela ,0
Climate: tropical; rainy season (June to December)
Terrain: mostly plains with some hills and low mountains
Size: 5128 sq. km total (Land area: 5128 sq. km  Water area: sq.km)
Population: 1,047,366 (July 2008 est.)
Languages: English (official), Caribbean Hindustani (a dialect of Hindi), French, Spanish, Chinese
Government: parliamentary democracy
Capital city: Port-of-Spain
Legal system: based on English common law; judicial review of legislative acts in the Supreme Court; has not accepted compulsory ICJ jurisdiction
Currency: Trinidad and Tobago dollar (TTD)
Licensing:

Country profile

 

The islands of the Caribbean basin are predominantly net energy importers, with the exception of Trinidad and Tobago. Agriculture and natural resource extraction activities continue to constitute the basis of the islands' economies, though the tourism and service sectors are growing. In recent years, the Caribbean countries have been worried that higher global oil prices will impair their efforts to expand economically.
 
In response, the island nations have been discussing ways to better integrate their energy sectors, especially in regards to increased natural gas exports from Trinidad and Tobago to other islands. These efforts have also focused on the major external energy suppliers to the region, such as Mexico and Venezuela.

Energy production and consumption


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Trinidad - recent news

20 Mar 24
Trinidad: Wood joint venture secures new framework agreement with Shell in Trinidad & Tobago
Wood’s joint venture company, Massy Wood, has secured a five-year framework agreement with Shell for the delivery of engineering projects and asset support in Trinidad and Tobago.
04 Mar 24
Trinidad: Touchstone announces expanded bank debt and drilling update
Touchstone Exploration has provided updates on its bank debt and drilling operations. The Company has entered into a binding term sheet with its existing Trinidad-based lender providing for an increase in borrowing capacity of $13 million. Touchstone has commenced drilling the Cascadura-3 development well and the CO-374 development well, and the Cascadura-2 well has been successfully cased after encountering wellbore instability issues.
01 Mar 24
Trinidad: Touchstone Exploration announces 2023 Y/E reserves
Touchstone Exploration has announced 2023 year-end reserves. Relative to year-end 2022 and after 2023 production, Touchstone increased gross proved developed producing (PDP) reserves by 180 percent to 13,547 Mboe. PDP reserves replaced 2023 annual production by 699 percent, reflecting Cascadura-1ST1 and Cascadura Deep-1 natural gas and associated liquids volumes that were brought online in 2023.
26 Feb 24
Trinidad: bpTT spuds its first well on Cypre gas development offshore Trinidad and Tobago
Cypre is bpTT’s next major offshore gas project - a subsea development that will connect gas from the Cypre field to its Juniper platform off Trinidad’s southeast coast. Cypre forms part of bpTT’s strategy of maximizing production from existing infrastructure, identifying innovative solutions to bring gas to the market faster. First gas is expected in 2025.
21 Feb 24
Trinidad: ASCO secures major contract with bp for its Trinidad and Tobago operations
Leading material management and logistics provider ASCO has secured a five-year contract with bp Trinidad and Tobago. Under the contract, which came into effect at the start of the year, ASCO will provide supply base and pipeyard management services for the Operator across all 16 offshore locations in Trinidad.

Trinidad - more news

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