Trinidad and Tobago Oil and Gas Report Q4 2016

Publisher Name :
Date: 31-Aug-2016
No. of pages: 85

BMI View: Shortages of natural gas are expected to persist at least until the start of the Juniper field in late

2017. These supply challenges will continue to disrupt gas exports and comes amid government concerns

over the profitability of liquefied natural gas exports. The government has also called for operators to fully

exploit existing acreage, suggesting the emergence of tensions between officials and upstream players.

While a series of major wells is being planned in 2016, investment has already been delayed due to the

current market conditions, underscoring the impact of lower commodity prices.

The main trends and developments in the Trinidad & Tobago (T&T) oil and gas sector are:

? T&T disclosed plans to finance a new pipeline that would carry gas from Venezuela's Dragon field,

which could contain up to 339bcm of gas. The project would deliver sorely needed new supplies that

could help to ease persistent shortages of gas. However the project has not yet been included in our

forecasts, given uncertainty over the political and economic situation in Venezuela.

? BHP Billiton commenced its offshore drilling campaign alongside its partner Royal Dutch Shell in May,

targeting a major deepwater prospect that was believed to have at least 5bn bbl of oil in place. On August

11, the company announced it has plugged the LeClerc 1 ST01 deepwater well located some 217km

offshore after it encountered natural gas in multiple zones but failed to discover oil. The exploration plan

will test several additional deposits over the next three years, focusing on the discovery of commercial

oil.

Trinidad and Tobago Oil and Gas Report Q4 2016

Table of Contents

BMI Industry View 7
Table: Headline Forecasts (Trinidad & Tobago 2014-2020) 7
SWOT 9
Oil & Gas SWOT 9
Industry Forecast 11
Upstream Exploration 11
Latest Updates 11
Structural Trends 11
Upstream Projects 14
Table: Trinidad & Tobago Major Upstream Projects 14
Upstream Production - Oil 16
Latest Updates 16
Structural Trends 16
Table: Oil Production (Trinidad & Tobago 2014-2019) 18
Table: Oil Production (Trinidad & Tobago 2020-2025) 18
Upstream Production - Gas 19
Latest Updates 19
Structural Trends 19
Table: Gas Production (Trinidad & Tobago 2014-2019) 21
Table: Gas Production (Trinidad & Tobago 2020-2025) 21
Refining 22
Latest Updates 22
Structural Trends 22
Table: Refining Capacity and Refined Products Production (Trinidad & Tobago 2014-2019) 24
Table: Refining Capacity and Refined Products Production (Trinidad & Tobago 2020-2025) 24
Refined Fuels Consumption 25
Latest Updates 25
Structural Trends 25
Table: Refined Products Consumption (Trinidad & Tobago 2014-2019) 27
Table: Refined Products Consumption (Trinidad & Tobago 2020-2025) 27
Gas Consumption 28
Latest Updates 28
Structural Trends 28
Table: Gas Consumption (Trinidad & Tobago 2014-2019) 30
Table: Gas Consumption (Trinidad & Tobago 2020-2025) 30
Trade - Oil 31
Latest Updates 31
Crude Oil: Structural Trends 31
Table: Crude Oil Net Exports (Trinidad & Tobago 2014-2020) 32
Table: Crude Oil Net Exports (Trinidad & Tobago 2020-2025) 33
Refined Products: Structural Trends 33
Table: Refined Fuels Net Exports (Trinidad & Tobago 2014-2019) 34
Table: Refined Fuels Net Exports (Trinidad & Tobago 2020-2025) 35
Trade - Gas (Pipeline and LNG) 36
Latest Updates 36
Structural Trends 36
Table: Gas Net Exports (Trinidad & Tobago 2014-2019) 39
Table: Gas Net Exports (Trinidad & Tobago 2020-2025) 40
Industry Risk/Reward Index 41
Latin America - Oil & Gas Risk/Reward Index 41
Table: Latin America - Composite Risk/Reward Index 41
Composite RRI: Continued Adjustments Level Off Rankings 42
Upstream RRI: Steady Scores Mask Forthcoming Shifts 43
Table: Latin America - Upstream Risk/Reward Index 44
Downstream: NOC Dominance Will Reinforce Fuels Deficit 46
Table: Latin America Downstream Risk/Reward Index 48
Trinidad & Tobago - Risk/Reward Index 49
Upstream Index 49
Downstream Index 50
Market Overview 51
Trinidad & Tobago Energy Market Overview 51
Regulatory Structure 51
Fiscal Regime 52
Table: Trinidad and Tobago - Upstream Tax Regime 52
Table: Trinidad & Tobago - Contracts & Licensing Regime 52
Licensing Rounds 52
Oil And Gas Infrastructure 56
Oil Refineries 56
Table: Oil Refineries in Trinidad & Tobago 56
Oil Storage Facilities 56
Oil Terminals/Ports 56
Table: Trinidad & Tobago - Oil Terminals & Ports 56
LNG Terminals 56
Table: Trinidad & Tobago - Existing and Planned LNG Terminals 57
Gas Storage 57
Table: Trinidad and Tobago - Gas Storage Facilities 57
Table: Trinidad and Tobago -Natural Gas Pipelines 57
Table: Trinidad and Tobago - Crude Oil Pipelines 57
Competitive Landscape 58
Competitive Landscape Summary 58
Table: Key Domestic And Foreign Players 59
Table: Key Upstream Players 60
Table: Key Downstream Players 60
Company Profile 61
Petroleum Company Of T&T (Petrotrin) 61
Table: Table: Major Upstream Assets In T&T 62
Table: Key Financial Data, USDmn 62
BP Energy Company of Trinidad & Tobago (BPTT) 63
Table: Major Upstream Assets In T&T 64
Table: Key Financial Data, USDmn 64
Regional Overview 65
Latin America Overview 65
Table: Latin America Oil and Gas Production, Refining Capacity and Trade, 2014-2025 76
Glossary 78
Table: Glossary Of Terms 78
Methodology 80
Industry Forecast Methodology 80
Source 82
Risk/Reward Index Methodology 82
Table: Bmi's Oil & Gas Upstream Risk/Reward Index 84
Table: Weighting 85

List of Tables

Table: Headline Forecasts (Trinidad & Tobago 2014-2020)
Table: Trinidad & Tobago Major Upstream Projects
Table: Oil Production (Trinidad & Tobago 2014-2019)
Table: Oil Production (Trinidad & Tobago 2020-2025)
Table: Gas Production (Trinidad & Tobago 2014-2019)
Table: Gas Production (Trinidad & Tobago 2020-2025)
Table: Refining Capacity and Refined Products Production (Trinidad & Tobago 2014-2019)
Table: Refining Capacity and Refined Products Production (Trinidad & Tobago 2020-2025)
Table: Refined Products Consumption (Trinidad & Tobago 2014-2019)
Table: Refined Products Consumption (Trinidad & Tobago 2020-2025)
Table: Gas Consumption (Trinidad & Tobago 2014-2019)
Table: Gas Consumption (Trinidad & Tobago 2020-2025)
Table: Crude Oil Net Exports (Trinidad & Tobago 2014-2020)
Table: Crude Oil Net Exports (Trinidad & Tobago 2020-2025)
Table: Refined Fuels Net Exports (Trinidad & Tobago 2014-2019)
Table: Refined Fuels Net Exports (Trinidad & Tobago 2020-2025)
Table: Gas Net Exports (Trinidad & Tobago 2014-2019)
Table: Gas Net Exports (Trinidad & Tobago 2020-2025)
Table: Latin America - Composite Risk/Reward Index
Table: Latin America - Upstream Risk/Reward Index
Table: Latin America Downstream Risk/Reward Index
Table: Trinidad and Tobago - Upstream Tax Regime
Table: Trinidad & Tobago - Contracts & Licensing Regime
Table: Oil Refineries in Trinidad & Tobago
Table: Trinidad & Tobago - Oil Terminals & Ports
Table: Trinidad & Tobago - Existing and Planned LNG Terminals
Table: Trinidad and Tobago - Gas Storage Facilities
Table: Trinidad and Tobago -Natural Gas Pipelines
Table: Trinidad and Tobago - Crude Oil Pipelines
Table: Key Domestic And Foreign Players
Table: Key Upstream Players
Table: Key Downstream Players
Table: Table: Major Upstream Assets In T&T
Table: Key Financial Data, USDmn
Table: Major Upstream Assets In T&T
Table: Key Financial Data, USDmn
Table: Latin America Oil and Gas Production, Refining Capacity and Trade, 2014-2025
Table: Glossary Of Terms
Table: Bmi's Oil & Gas Upstream Risk/Reward Index
Table: Weighting
  • China Bunker Oil Market Research Report 2016
    Published: 01-Dec-2016        Price: US 3200 Onwards        Pages: 108
    Notes: Sales, means the sales volume of Bunker Oil Revenue, means the sales value of Bunker Oil This report studies Bunker Oil in China market, focuses on the top players in China market, with capacity, production, price, revenue and market share for each manufacturer, covering - Aegean Marine Petroleum - BP - Bunker Holding - Chemoil - Exxon Mobil - KPI Bridge Oil - Bomin - Glander - Gazprom - GAC......
  • Pakistan Oil and Gas Report Q1 2017
    Published: 30-Nov-2016        Price: US 1295 Onwards        Pages: 71
    BMI View: Low oil prices, upstream spending cuts and natural declines combine to paint a bleak near-term upstream outlook for Pakistan, though its strong pipeline of discoveries and exploration plays point to plenty of upside once prices begin to rebound more significantly. The country will remain reliant on crude oil, refined fuels and natural gas imports to quench rising domestic demand. LNG imports are set to experience exponential growth, as influx of additional gas s......
  • Slovakia Oil and Gas Report Q1 2017
    Published: 30-Nov-2016        Price: US 1295 Onwards        Pages: 63
    BMI View: Slovakia has above-average energy import dependency compared with the regional average. The country remains reliant on Russia but is actively pushing through several projects aimed at improving bi-directional flows and establishing regional links for a regional gas market in Central and Southeast Europe. Its role a key gas transit country for gas coming from Russia, through Ukraine and Slovakia before heading to Western Europe, should also be maintained over the......
  • Trinidad and Tobago Oil and Gas Report Q1 2017
    Published: 30-Nov-2016        Price: US 1295 Onwards        Pages: 79
    BMI View: Shortages of natural gas are expected to persist until the start of the Juniper field in late 2017. These supply challenges will continue to disrupt gas exports and comes amid government concerns over the profitability of liquefied natural gas exports. The government has also called for operators to fully exploit existing acreage, suggesting the emergence of tensions between officials and upstream players. Investment has suffered continued delays due to the curr......
  • Vietnam Oil and Gas Report Q1 2017
    Published: 30-Nov-2016        Price: US 1295 Onwards        Pages: 76
    BMI View: Vietnam's dependence on energy imports is set to deepen over the coming decade, as strong growth in domestic demand for crude oil, refined fuels and natural gas comes in conflict with falling production. The increase in oil demand will primarily be driven by a more than tripling of its refining capacity, alongside positive macroeconomic and demographic factors. Gas demand will surpass output for the first time in 2020, when Vietnam's first import terminal is ant......
  • Bulgaria Oil and Gas Report Q1 2017
    Published: 30-Nov-2016        Price: US 1295 Onwards        Pages: 72
    BMI View: Improvements in the refining sector have boosted refined fuels production, though 2016 is proving to be tougher with margins expected to drop. An oil discovery by Total in the Bulgarian section of the Black Sea highlights the potential for both oil and gas exploration in the black Sea. This is a play opening move for Bulgaria and exploration will continue into 2017. The exploration outlook onshore in Bulgaria remains much more limited. Latest Updates And K......
  • Brazil Oil and Gas Report Q1 2017
    Published: 23-Nov-2016        Price: US 1295 Onwards        Pages: 126
    BMI View: Brazil's vast pre-salt reserves suggest substantial growth potential over the long term, underpinning our bullish upstream view that crude, natural gas, and other liquids output will rise over the next decade. However, production growth will be tempered by declining investment funds from Petrobras and continued headwinds from the corruption scandal and continued political fallout following the impeachment. Latest Updates And Key Forecasts ? On Septem......
  • Brunei Oil and Gas Report Q1 2017
    Published: 23-Nov-2016        Price: US 1295 Onwards        Pages: 57
    BMI View: Despite significant offshore potential and ambitious government plans to expand Brunei's upstream sector, the country has relatively small hydrocarbons reserves. This will limit oil and gas production, which will see only minor improvements over the coming five years. Brunei's underdeveloped downstream sector holds much brighter prospects as the new refinery and petrochemical complex at Pulau Muara Besar, scheduled to open in 2018, will support further diversifi......
  • Croatia Oil and Gas Report Q1 2017
    Published: 23-Nov-2016        Price: US 1295 Onwards        Pages: 69
    BMI View: Croatia's conservative government has failed to fully articulate its policies for the oil and gas sector, but the administration has adopted a pro-business stance generally that benefit investors. The government could help to restore confidence in the sector following protracted delay and uncertainty over licensing rounds. Aside from a floating proposed liquefied natural gas (LNG) terminal, the oil and gas sector is likely only to attract a modest level of inves......
  • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - sales@rnrmarketresearch.com / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs