Cur­tis Williams

There has been a poor re­sponse to the 2022 T&T deep-wa­ter bid round with on­ly four of the 17 blocks re­ceiv­ing bids and those were sin­gle bids by a con­sor­tium of bpTT and Roy­al Dutch Shell.

It was a dis­ap­point­ing end to the six month process and the first deep-wa­ter bid round in close to a decade.

The Min­istry of En­er­gy had of­fered 17 blocks in the deep-wa­ter bid round and three quar­ter of the blocks went with­out a sin­gle bid.

In­ter­est­ing­ly BHP, now Wood­side Pe­tro­le­um showed no in­ter­est in the deep-wa­ter blocks hav­ing ac­quired ex­ten­sive seis­mic in T&T's deep-wa­ter and made nat­ur­al gas dis­cov­er­ies.

This lat­est dis­ap­point­ment comes as the gov­ern­ment failed to de­liv­er a deep-wa­ter bid round, al­most eight years since it came to pow­er, and the last bid round in which bpTT and Shell were joint ven­ture part­ners and sole bid­ders have not seen an award made be­cause the bids were con­sid­ered so un­work­able by the Min­istry of En­er­gy.

The deep-wa­ter blocks where there were bids were on Blocks 25(a) 25(b) 23 and 27.

CLICK FOR MORE BUSI­NESS NEWS