Ministry
to unveil oil, gas bids today
By Curtis Williams
Trinidad Express
Port
Spain
Petroleumworldtt.com
12 03 06
Following
more than a year of delays, the Ministry of Energy
and Energy Industries will today unveil the bids
for 11 onshore/nearshore blocks which it had offered
to oil and gas companies in 2005.
According
to the Ministry, the bids will be revealed at its
Riverside Plaza Offices at 4.30 pm, half an hour
after the official close of the bids.
Director
of Resource Management, Helena Innis King told the
Guardian that while she did not know how many bids
were received or which blocks were bit on, the signs
were positive.
“If
I can judge from the number of companies that expressed
interest in getting the technical data, I would
say the response to the blocks has been positive.”
Innis King explained.
It
will also be an opportunity to see how the new production
sharing contracts have impacted on interest in exploring
in T&T.
Under
the terms of the new PSCs government’s overall
revenues from any new find will be greater than
in past PSCs.
The
blocks up for bid
Combined
Onshore/Nearshore:
(a)
Guayaguayare, shallow horizon block comprising an
area of approximately 1126 sqkm with the shallow
horizon exploration rights extending to 1525 metres
(5000ft).
(b)
Guayaguayare, deep horizon block comprising an area
of approximately 1193 sqkm with the deep horizon
exploration rights starting at 1525 metres (5000ft).
(c)
Southwest Peninsula, shallow horizon block comprising
of an area of approximately 538 sqkm with the shallow
horizon exploration rights extending to 3,200 metres
(10,500 ft) and 4572 metres (15,000 ft) for prescribed
areas around committed wells.
(d)
Southwest Peninsula, deep horizon block comprising
of an area of approximately 917 sqkm with the deep
horizon exploration rights starting at 3,200 metres
(10,500 ft) and 4572 metres (15,000 ft) for prescribed
areas around committed wells.
(e)
Herrera, shallow horizon block comprising of an
area of approximately 241sqkm with the shallow horizon
exploration rights extending to 3,962 metres (13,000
ft) in the northern area of the block and 2286 metres
(7,500 ft) in the southern area of the block.
(f)
Herrera, deep horizon block block comprising of
an area of approximately 712 sqkm with the deep
horizon exploration rights starting at 3,962 metres
(13,000 ft) in the northern area of the block and
2286 metres (7,500 ft) in the southern area of the
block.
(g)
Central Range, shallow horizon block comprising
an area of approximately 734 sqkm with the shallow
horizon exploration rights extending to 1372 metres
(4,500 ft).
(h)
Central Range, deep horizon block comprising an
area of approximately 856 sqkm with the deep horizon
exploration rights starting at 1372 metres (4,500
ft).
(i)
Shallow marine acreage off the north and east coast,
Trinidad: (a) Block 2(ab), comprising an area of
1,605 square kilometres. (b)Block NCMA 2, comprising
an area of 1,019 square kilometres. (c)Block NCMA
3, comprising an area of 1,019 square kilometres.
Trinidad
Express
Thursday 30th November, 2006
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