BP Sanctions Another Gas Project Offshore Trinidad and Tobago
The Cypre offshore gas project announcement comes the day after the energy company renewed its supply contract with the country’s national gas company.
BP Trinidad and Tobago (BPTT) announced that it is moving forward with the development of its Cypre offshore gas project.
This is BPTT’s third subsea development offshore Trinidad. It includes seven wells and subsea trees tied back into BPTT’s existing Juniper platform via two new 14-km flexible flowlines. The company operates in 745,000 acres off Trinidad’s east coast and has 16 offshore platforms and two onshore processing facilities.
Drilling at the Cypre gas field, located 78 km off the southeast coast of Trinidad at a water depth of 80 m, is to begin in 2023. First gas from the facility is expected in 2025.
The field's production from 250 to 300 MMcf/D will go toward satisfying BPTT’s existing gas supply commitments, the energy supermajor said.
“The go-ahead for the Cypre development is great news for Trinidad and Tobago and for BPTT, as it demonstrates our continued commitment to investing in our business here,” said incoming BPTT President David Campbell.
“Today’s announcement is a great reflection of our strategy in action— efficiently developing the resources in our existing acreage so we can bring new gas to the market faster, all without increasing operating emissions.”
The company said the subsea development will capitalize on the existing subsea enabling infrastructure at Juniper allowing gas to be brought to market in a shorter time than a normally unmanned installation development.
The new development will access power from Juniper, eliminating the need for additional power generation which allows production to be added without increasing BPTT’s operating emissions.
The news comes the day after BPTT announced that it had renewed a supply contract with the National Gas Company of Trinidad and Tobago (NGC).
The signed contract is a renewal of the existing NGC/BPTT arrangement and governs the terms and conditions under which BPTT will continue to supply gas to NGC’s domestic customers.
BPTT is the largest supplier of gas to the domestic market and the renewal of this contract allows NGC to secure a significant volume of gas for the coming years to help fulfill domestic demand, according to the release.
Specific details of the contract were not disclosed due to a confidentiality agreement.