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:
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)

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

Oil Gas
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Trinidad - recent news

03 Jun 24
Trinidad and Tobago receives six bids in Shallow Water Competitive Bidding Round 2023/2024
The Shallow Water Competitive Bidding Round 2023/2024 closed on May 27th, 2024. Thirteen offshore blocks were placed on offer and a total of 6 bids were received for 4 blocks.
14 May 24
Trinidad: Touchstone Exploration announces Q1 2024 financial and operating results and provides an operational update
Touchstone Exploration has reported its financial and operating results for Q1 2024 and provided an operational update. Since coming onstream in September 2023, the Cascadura field has transformed Touchstone both operationally and financially, having contributed an estimated $20 million in operating netbacks. The all-share acquisition of Trinity Exploration and Production was announced May 1st.
01 May 24
Touchstone Exploration announces acquisition of Trinity Exploration and Production
Touchstone Exploration has reached an agreement with Trinity Exploration and Production on the terms of an all-share acquisition by which Touchstone will acquire all of the issued and to be issued ordinary share capital of Trinity. Trinity is a crude oil exploration, development and production company with onshore and offshore assets located solely in the Republic of Trinidad and Tobago.
26 Apr 24
Trinidad: Trinity Exploration provides Q1 2024 operational update
AIM-listed Trinity Exploration & Production, the independent E&P company focused on Trinidad and Tobago, has provided an update on operations for the three-month period ended 31 March 2024.
17 Apr 24
Trinidad: Argeo signs contract with Woodside Energy for Calypso AUV survey
Argeo has signed a contract with Woodside Energy to execute the 2024 AUV geophysical survey for the deepwater Calypso field in Trinidad and Tobago.

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