Country Report

Trinidad And Tobago upstream summary

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A top gas-producer in Latin America - Trinidad and Tobago is one of the highest gas-producing countries in the region. Gas reserves are mostly located offshore, however, gas production decline is observed since 2018. The country has also seen a drastic decline in liquids production going from approx. 130,000 barrels a day in 2004 to 60,000 barrels a day in 2024. There is, however, some potential heavy oil upside at Petrotrin's offshore fields southwest of Trinidad. Although onshore ...

Table of contents

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
    • Introduction
    • West Tobago basin
    • Caroni sub-basin
    • Central Range uplift
    • Southern sub-basin
    • Columbus sub-basin
    • Atlantic basin
    • Licensing
    • Historical overview
      • 1989 licensing round
      • 1995 licensing round (Phase One)
      • 1995 licensing round (Phase Two)
      • 1996 licensing round (Phase Three - deepwater)
      • 1999 licensing round
      • 2003 offshore licensing round
      • 2005 licensing round
      • 2006 ultra-deepwater licensing round
      • 9 more item(s)...
    • Drilling
      • Drilling activity
    • Columbus sub-basin
    • Central Range uplift
    • Southern sub-basin
      • Success rates
    • Liquids
    • Gas
    • Liquids
    • Gas
      • Domestic demand
      • Liquefied natural gas (LNG)
    • Oil infrastructure
      • Pipelines
      • Refineries
    • Gas infrastructure
      • Pipelines
    • Key legislation
    • Regulatory body
    • State oil company
      • Historical perspective
      • Petrotrin
      • National Gas Company
    • State participation
    • Licensing
    • Historical perspective
      • Concession agreements
    • Current regime
      • 1993 production sharing contract (Block E/Dolphin)
      • 1994 model production sharing contract
      • 1995 model production sharing contract
      • 1996 model production sharing contract (deepwater areas)
      • 2001 model production sharing contract
      • 2003 model production sharing contract
      • 2006 model production sharing contract
      • 2010 production sharing contracts
      • 2 more item(s)...
    • Gas prices
      • Historical gas prices (domestic)
      • Current gas prices (domestic)
      • Gas prices (LNG)
    • Overview
    • Upstream
    • Mid/Downstream
      • Pipelines
      • Gas utilisation
    • Current fiscal terms
    • Production sharing contract (PSC)
      • Basis
      • Government equity participation
      • Fiscal terms
      • Bonuses, rentals and fees
      • Royalty
      • PSC production sharing
      • PSC cost recovery
      • PSC profit sharing
      • 7 more item(s)...
    • Concession
      • Basis
      • Government equity participation
      • Fiscal terms
      • Royalty
      • Petroleum production levy
      • Petroleum impost
      • Additional petroleum tax (supplemental petroleum tax)
      • Investment tax credit
    • Historical background
      • Production sharing contracts
      • Bonuses, rentals and fees
      • PSC cost recovery
      • PSC profit sharing
      • PPT and other taxes
    • Concession
    • 2 more item(s)...

Tables and charts

This report includes the following images and tables:

  • Key facts: Table 1
  • Country Map
  • Liquids and Gas Production 2025
  • Reserves and contingent resources at 01/01/2025
  • Net Acreage 2025
  • Map of Trinidad and Tobago's basins
  • Exploration Drilling
  • Reserves and resources: Table 1
  • Liquids and Gas Production and Reserves
  • Production: Table 1
  • Production: Table 2
  • Exploration: Table 1
  • 43 more item(s)...

What's included

This report contains:

  • Document

    Country Overview

    PDF 9.51 MB

  • Document

    Country Overview

    XLS 2.23 MB