For the past decade, declining oil and gas production has been a key economic challenge for T&T. Reversing this trend requires increased upstream investment, which is currently underway. Significant investments are being made in the upstream oil and gas sector, as well as in renewable energy.
A map presented at the recent Trinidad & Tobago Energy Conference generated substantial interest, showcasing various projects categorized by their stage of development.
Projects in execution (yellow) include the Manatee, Cypre, Mento, and Coconut oil and gas projects, along with the grid-scale solar project in Brechin Castle. Additionally, several infill drilling campaigns—both onshore and offshore—are either ongoing or planned.
Projects advancing toward a final investment decision (magenta) include Calypso, Ginger, Blackjack, and Onyx in Trinidad & Tobago, as well as the cross-border Manakin-Cocuina field and Venezuela’s Dragon field. Since the conference, bp has also announced that it is working toward a final investment decision for the Kanikonna project in the Southeast Galeota Block. Additionally, two green hydrogen projects are under evaluation.
Beyond these projects, there is significant exploration activity. Planned exploration drilling, seismic data collection, and analysis are ongoing. A wind data collection initiative using LIDAR technology is also in progress at Galeota and Waterloo—an essential prerequisite for future wind power investments.
A deepwater bid round is currently underway, with hopes that companies will secure acreage and initiate future exploration programmes in these areas.
The economic future of Trinidad & Tobago depends on a continuous pipeline of oil, gas, and renewable energy projects in execution, planning, and exploration. Stakeholders invested in the country’s economic growth should closely monitor the progress of these initiatives.