BP signs deal to explore and produce natural gas off Trinidad's coast, boosting LNG output.

BP Exploration Operating Company has signed a Production Sharing Contract with Trinidad and Tobago for the exploration and production of natural gas in the NCMA 2 block, located off Trinidad's north coast. This is BP's first venture into the North Coast region and follows a competitive bid round that closed in May. The agreement aims to boost gas output for LNG facilities, marking the second such contract signed this year after a similar deal with Shell in September.

November 19, 2024
7 Articles