Could Trinidad And Tobago Become A Hotspot For Oil In The Caribbean?


BHP has commenced oil production in Trinidad and Tobago in the next big energy development in the Caribbean. After recent successes in Guyana and Suriname’s energy sectors, Australian firm BHP has begun production on its $500m Ruby Project, located in shallow water in Block 3(a) within the Greater Angostura Field.

The project will see gas and oil being produced from the Ruby and Delaware reservoirs via five production wells offshore Trinidad and Tobago. Several more wells are expected to be drilled in the area by the end of the year.

Peak production levels are expected to be around 16,000 bpd of oil and 2.26mn m³/d of gas, upon completion of the development.

Geraldine Slattery, President of BHP, stated “The start-up of Ruby represents the continued development of BHP’s oil and gas production facilities in Trinidad and Tobago, re-enforces the quality of the resource and its investment competitiveness.”

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Source: Oil Price

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