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

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

3. Area Offered

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

6. 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

7. 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

8. Block 7

9. Block 8

10. Block 8

11. Block 2

12. Block 5

13. Block 5

14. 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

15. 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

16. 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

17. 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

18. 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 –
Tenille Khan –
Ministry of Energy and Energy Industries
April 2006

19. 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
Ministry of Energy and Energy Industries
April 2006

20. 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

21. 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

22. 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

23. 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

24. 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

25. 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

26. 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

27. 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

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

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