KEYFACT Energy
Trinidad and Tobago’s Ministry of Energy and Energy Industries received six bids for four blocks in its Shallow Water Competitive Bidding Round 2023/2024, which closed on 27 May 2024. A total of 13 offshore blocks were on offer in the bidding round. Block Modified U(c) received bids from EOG Resources, bp, and Shell subsidiary BG International Limited. Block NCMA 2 was bid on by bp, while Block NCMA 4(a) and Block Lower Reverse L were bid on by EOG Resources. The bids received will be evaluated by a Technical Evaluation Committee, which will take four months. Following evaluation, the ministry will announce the successful bidders and award of blocks.
KeyFacts Energy: Licensing news