Trinidad and Tobago received six bids from BP, Shell, and US shale producer EOG Resources on four blocks to explore for oil and gas as its 2023 shallow water auction closed on Monday, May 27, 2024.
Trinidad plans to announce the winners in four months, Energy Minister Stuart Young said at the closing of the auction. All three companies bid for the Modified UC block, which is close to the Teak, Sammaan, Poui producing fields. The auction had no other bidders.
For investors: very, very interesting.
And don't forget, Chord (merger of Whiting and Oasis) is now looking to buy Enerplus
Reminder:
So, this is what we have:
- Trinidad and Tobago: Shell.
- Surinam: Apache and TTE.
- Guyana: XOM.
- Venezuela: CVX.
A reader alerted me to a Charles Kennedy article on Guyana today.
I had forgotten that Hess partnered with XOM on Guyana.
Now we watch for Shell and and CVX bidding for Guyana; both have experience in this geographic area.
Guyana is tracked here at the sidebar at the right. That site needs to be updated.
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