Trinidad and Tobago Deep Atlantic Exploration Ministry of Energy and Energy Industries April 2006

Trinidad and Tobago Deep Atlantic Ministry of Energy and Energy Industries April 2006

Area Offered

Ministry of Energy and Energy Industries PROSPECTIVITY Ministry of Energy and Energy Industries April 2006

Ministry of Energy and Energy Industries Geochemistry (1) Widespread distribution of prolific seeps in deep water offshore Trinidad confirms the existence of regionally extensive, generative hydrocarbon source rocks. Geochemical characteristics of the seeps indicate that their source facies are variable Source: Trinidad Ultra deep water seeps – Geochemical Solutions Inc Ministry of Energy and Energy Industries April 2006

Ministry of Energy and Energy Industries Geochemistry (2) Seeps east of deep water block 26 appear to be generated from source rocks consisting predominantly of Type II kerogens Source: Trinidad Ultra deep water seeps – Geochemical Solutions Inc Ministry of Energy and Energy Industries April 2006

Block 7

Block 8

Block 8

Block 2

Block 5

Block 5

Ministry of Energy and Energy Industries Summary Working petroleum system Structures are large ranging from 1-6 km The original data is not the best Reprocessed volume available Ministry of Energy and Energy Industries April 2006

Ministry of Energy and Energy Industries Competitive Bidding Tender will be opened within two weeks Eight 800sqkm blocks offered Exploration will commence to the east of known trends in the southern area covered by the 4x4 seismic grid Water Depths – 1,700 – 2,500 metres Legal Instrument- Production Sharing Contract Ministry of Energy and Energy Industries April 2006

Ministry of Energy and Energy Industries Bid Eligibility A Pre-Bid application Fee of US$800,000 which entitles the bidder to bid on any or all of the blocks offered; A Bid Application Fee of US$50,000 per block payable on submission of the application. Ministry of Energy and Energy Industries April 2006

Ministry of Energy and Energy Industries Terms Acquisition of fullfold 3D seismic over the entire block Drilling of exploratory wells proposals for the sharing of petroleum produced from the contract area twenty percent carried participation in the obligatory exploration phase for the State Company Ministry of Energy and Energy Industries April 2006

Trinidad and Tobago Deep Atlantic Data can be viewed at the Ministry of Energy Viewing room is open Contacts: Helena Inniss – Director, Resource Management Gabriella Kokaram – gkokaram@energy.gov.tt Tenille Khan – tkhan@energy.gov.tt Ministry of Energy and Energy Industries April 2006

Ministry of Energy and Energy Industries Information Available will be on the website Competitive Bidding Order Information on the contents of the data package The Production Sharing Contract will be placed on the website Clarification on any contents of the order should be sent to the Permanent Secretary and copied to onshorebidround@energy.gov.tt Ministry of Energy and Energy Industries April 2006

Ministry of Energy and Energy Industries Competitive Bidding 2005 Competitive Bid Round was launched in 2005 Competitive Bidding Order published on January 21, 2006. Invites bids for 11 blocks Ministry of Energy and Energy Industries April 2006

Deep Onshore/Nearshore   Blocks Central Range Herrera South West Peninsula Guayaguayare 856 km2   712 km2 917 km2 1192 km2 Ministry of Energy and Energy Industries April 2006

Shallow Onshore/Nearshore Blocks Central Range Herrera South West Peninsula Guayaguayare 733 km2 241 km2 538 km2 1125 km2 Ministry of Energy and Energy Industries April 2006

Ministry of Energy and Energy Industries       Shallow Marine   Blocks NCMA 2 NCMA 3 2(ab) 987 km2 1464 km2 1605 km2       Ministry of Energy and Energy Industries April 2006      

Rationale for Choice of Blocks The mix of Blocks is intended to provide a range of options to the explorationist. NCMA 2 and 3 - gas Block 2 (ab) - oil and gas Onshore Blocks - oil and gas All are considered highly prospective Ministry of Energy and Energy Industries April 2006

Ministry of Energy and Energy Industries Fees Prerequisite for placing a bid on Any or all of the Onshore/Nearshore blocks - US$150,000 NCMA 2 - US$50,000 NCMA 3 - US$50,000 Block 2AB - US$50,000 Bid Fee – US$ 50,000 for each block on which an offer is made. Ministry of Energy and Energy Industries April 2006

Ministry of Energy and Energy Industries Deadline date for submission of bids has been extended to May 31, 2006 To date 23 companies have paid the eligibility fee 11 onshore 8 2(ab) 15 NCMA 2 9 NCMA 3 Ministry of Energy and Energy Industries April 2006

Ministry of Energy and Energy Industries Conclusion Trinidad and Tobago Petroleum Industry is buoyant Demand for both Oil and Gas Highly prospective Acreage being offered Forecast growth in gas reserves With deep land and deep offshore exploration forecast growth in oil reserves Ministry of Energy and Energy Industries April 2006

Ministry of Energy and Energy Industries Contacts Website – www.energy.gov.tt Selwyn Lashley – Director, LNG and Gas Exports Slashley@energy.gov.tt Helena Inniss – Director of Resource Management hinniss@energy.gov.tt Gabriella Kokaram and Tenille Khan – Geologists Gkokaram or tkhan@ energy.gov.tt Onshorebidround@energy.gov.tt Ministry of Energy and Energy Industries April 2006

Ministry of Energy and Energy Industries Thank you Ministry of Energy and Energy Industries April 2006