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Trinidad and Tobago Oil and Gas Report Q2 2016

Trinidad and Tobago Oil and Gas Report Q2 2016

BMI View: Shortages of natural gas are expected to persist at least until the start of the Juniper field in late 2017. These supply challenges will continue to disrupt gas exports and comes amid government concerns over the profitability of liquefied natural gas exports. The government has also called for operators to fully exploit existing acreage, suggesting the emergence of tensions between officials and upstream players. While a series of major wells are planned in 2016, investment has already been delayed due to the current market conditions, underscoring the impact of the current low oil price on the sector. The main trends and developments in the Trinidad & Tobago (T&T) oil and gas sector are:

Energy Minister Nicole Olivierre warned in January 2015 that the government was prepared to reclaim unutilised acreage licensed to operators. The minister reiterated a warning from several months earlier that companies need to ensure they carried out agreed upon work programmes or risk having acreage reclaimed by the government, which is seeking to sustain investment amid the decline in global oil and gas prices.


BMI Industry View
Table: Headline Forecasts (Trinidad & Tobago 2014-2020)
SWOT
Oil & Gas SWOT
Industry Forecast
Upstream Exploration
Latest Updates
Structural Trends
Table: Proven Oil and Gas Reserves (Trinidad & Tobago 2020-2025)
Table: Proven Oil and Gas Reserves (Trinidad & Tobago 2020-2025)
Upstream Projects
Table: Trinidad & Tobago Major Upstream Projects
Upstream Production - Oil
Latest Updates
Structural Trends
Table: Oil Production (Trinidad & Tobago 2014-2019)
Table: Oil Production (Trinidad & Tobago 2020-2025)
Upstream Production - Gas
Latest Updates
Structural Trends
Table: Gas Production (Trinidad & Tobago 2014-2019)
Table: Gas Production (Trinidad & Tobago 2020-2025)
Refining
Latest Updates
Structural Trends
Table: Refining Capacity and Refined Products Production (Trinidad & Tobago 2014-2019)
Table: Refining Capacity and Refined Products Production (Trinidad & Tobago 2020-2025)
Refined Fuels Consumption
Latest Updates
Structural Trends
Table: Refined Products Consumption* (Trinidad & Tobago 2014-2019)
Table: Refined Products Consumption* (Trinidad & Tobago 2020-2025)
Gas Consumption
Latest Updates
Structural Trends
Table: Gas Consumption (Trinidad & Tobago 2014-2019)
Table: Gas Consumption (Trinidad & Tobago 2020-2025)
Trade - Oil
Latest Updates
Structural Trends
Table: Crude Oil Net Exports (Trinidad & Tobago 2014-2020)
Table: Crude Oil Net Exports (Trinidad & Tobago 2020-2025)
Table: Refined Fuels Net Exports (Trinidad & Tobago 2014-2019)
Table: Refined Fuels Net Exports (Trinidad & Tobago 2020-2025)
Table: Total Net Oil Exports - Crude and Products (Trinidad & Tobago 2014-2019)
Table: Total Net Oil Exports - Crude and Products (Trinidad & Tobago 2020-2025)
Trade - Gas (Pipeline and LNG)
Latest Updates
Structural Trends
Table: Gas Net Exports (Trinidad & Tobago 2014-2019)
Table: Gas Net Exports (Trinidad & Tobago 2020-2025)
Industry Risk Reward Ratings
Latin America - Oil & Gas Risk/Reward Index
Table: Latin America - Composite Risk/Reward Index
Composite RRI: Sector Shifts Continue To Take Shape
Upstream: Few Shifts, But Changes Loom
Table: Latin America - Upstream Risk/Reward Index
Downstream: Medium-Term Outlook Reinforces Current Dynamics
Table: Latin America Downstream Risk/Reward Index
Trinidad & Tobago - Risk/Reward Index
Market Overview
Trinidad & Tobago Energy Market Overview
Key Legislation
Relevant Government Ministries
Regulatory Bodies
National Oil Company
Fiscal Regime
Table: Trinidad and Tobago - Upstream Tax Regime
Table: Trinidad & Tobago - Contracts & Licensing Regime
Licensing Rounds
Oil And Gas Infrastructure
Oil Refineries
Table: Oil Refineries in Trinidad & Tobago
Oil Storage Facilities
Oil Terminals/Ports
Table: Trinidad & Tobago - Oil Terminals & Ports
LNG Terminals
Table: Trinidad & Tobago - Existing and Planned LNG Terminals
Gas Storage
Table: Trinidad and Tobago - Gas Storage Facilities
Table: Trinidad and Tobago -Natural Gas Pipelines
Table: Trinidad and Tobago - Crude Oil Pipelines
Competitive Landscape
Competitive Landscape Summary
Table: Key Domestic And Foreign Players
Table: Key Upstream Players
Table: Key Downstream Players
Company Profile
Petroleum Company Of T&T (Petrotrin)
National Gas Company Of Trinidad & Tobago (NGC)
Trinidad & Tobago National Petroleum Marketing Company (NP)
BPTT
BG Trinidad & Tobago
BHP Petroleum
Centrica
EOG Resources
Other Summaries
Regional Overview
Latin America Overview
Table: Latin America Oil And Gas Production, Refining Capacity And Trade, 2013-2024
Glossary
Table: Glossary Of Terms
Methodology
Industry Forecast Methodology
Source
Risk/Reward Index Methodology
Table: Bmi's Oil & Gas Upstream Risk/Reward Index
Table: Weighting

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