De­N­o­vo En­er­gy Ltd has ex­pressed in­ter­est in fur­ther in­vest­ments in T&T’s en­er­gy sec­tor, hav­ing al­ready in­vest­ed in the Igua­na and Zan­dolie projects.

This, as De­N­o­vo ex­ec­u­tives dis­cussed spe­cif­ic projects they wish to pur­sue to in­crease up­stream nat­ur­al gas pro­duc­tion, as En­er­gy Min­is­ter Stu­art Young en­cour­aged them to pri­ori­tise these ef­forts.

A news re­lease from the Min­istry of En­er­gy said Young met with De­N­o­vo's ex­ec­u­tives at the Min­istry of En­er­gy and En­er­gy In­dus­tries’ of­fices on Tues­day.

It not­ed that the Zan­dolie project is no­table for its 100 per cent re­new­able-pow­ered plat­form and the max­imi­sa­tion of lo­cal con­tent for con­struc­tion and

drilling.

"The De­N­o­vo ex­ec­u­tives ex­pressed that fu­ture projects would in­cor­po­rate sim­i­lar sus­tain­able and re­spon­si­ble en­er­gy prac­tices as guid­ed by the Gov­ern­ment," the news re­lease said.

Young com­mend­ed De­N­o­vo, which is part of the Pro­man Group, for its fo­cus on mon­etis­ing proven nat­ur­al gas re­serves in a safe and sus­tain­able way to pro­vide the nec­es­sary en­er­gy from hy­dro­car­bons for the ben­e­fit of the cit­i­zens.

The com­pa­ny's web­site not­ed that De­N­o­vo is a T&T en­er­gy com­pa­ny fo­cused on mon­etis­ing proven nat­ur­al gas re­serves for use in the petro­chem­i­cal sec­tor.

De­N­o­vo cur­rent­ly pro­duces nat­ur­al gas from the Igua­na and Zan­dolie fields in Block 1(a) in the Gulf of Paria, off­shore Trinidad. Nat­ur­al gas is then sold to the Na­tion­al Gas Com­pa­ny (NGC) for use by the petro­chem­i­cal sec­tor in the Point Lisas In­dus­tri­al Es­tate.

De­N­o­vo was found­ed in 2016 com­menc­ing its first field de­vel­op­ment project, Igua­na, which was a fast-tracked project de­liv­ered safe­ly with­in 33 months, in No­vem­ber 2018.