News listings

energy-pedia development and production

Trinidad flagTrinidad

South America / GoM >>> Trinidad

Trinidad: Bahamas Petroleum signs Goudron EPSC

30 Nov 2020

Photo - see caption

Bahamas Petroleum (BPC) has advised that the Goudron Enhanced Production Sharing Contract ('ESPC') has been signed. As a consequence, the Company will proceed to issue 35,759,140 new ordinary shares in BPC, the issue of which was conditional on signing of the Goudron EPSC.

Goudron EPSC

The Company has entered into an EPSC in respect of the Goudron Block in Trinidad and Tobago, with Heritage Petroleum Company. The EPSC provides the Company with the continuing exclusive right to extract petroleum on Goudron until 30 June 2030. The EPSC was entered into after consent of the Trinidad and Tobago Ministry of Energy and Energy Industries was duly obtained.

The EPSC replaces the existing 10-year Production Sharing Contract (as amended and extended) in respect of Goudron that was otherwise due to expire at the end of 2020. Signing of the new Goudron EPSC had been anticipated earlier in 2020 but had been delayed as a result of delays to obtaining the necessary consents arising from the Covid-19 pandemic.

The terms of the EPSC are largely consistent with the terms that previously prevailed under the existing Goudron Production Sharing Contract.

Production from Goudron currently accounts for approx. 40% of BPC's baseline daily production in Trinidad and Tobago.

Original article link

Source: BPC

Bookmark and Share

A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.

Subscriber Only Deals

Current Deals

Current Upstream Deals: 379

Completed Deals

Completed Upstream Deals: 6003

Company Profiles

Current Company Profiles: 2752

Corporate Activity

Current Corporate Activity articles: 3591

Companies Looking

Current number of articles: 445

Company Sales

Current Company Sales articles:1452


Current Geostudies articles: 774

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...

energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...

energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...


Subscribe to the FREE
energy-pedia Daily Newsletter

SLR Consulting logo
KL Publishing
Rose & Assocs 149
Union Jack Oil 149
Government of South Australia
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans

Tel: +44(0)1727 822675