The Government of the Republic of Trinidad and Tobago invites participation in its 2013 Deep Water Competitive Bid Round for six offshore blocks located in the East Coast Marine Area and Trinidad and Tobago Deep Atlantic Area to be governed by production sharing contract agreements.
The acreage offers a mix of water depths, hydrocarbon play-types and production potential. Risk assessment in all of the blocks is facilitated by previously acquired 2D and 3D seismic data, well penetrations and the proximity of these blocks to known hydrocarbon pools and production.
Bids are due by 31 Jan 2014.
Map at right shows offshore blocks (red) offered in this deepwater bid round, from Deloitte's PetroView.
In response to the limited success of the 2006 Trinidad Deep Atlantic Bid Round, the Ministry of Energy and Energy Affairs launched several initiatives aimed to encourage future exploration over the acreage. These initiatives included a concurrent review of fiscal, contractual and technical aspects of the Deep Atlantic area. Fiscal and legal terms were reviewed in collaboration with consultants and other government stakeholders (e.g. Ministry of Finance). The new terms of the 2013 Model Deep Water Sharing Contract can be viewed by accessing this link (download the model Deep water production sharing contract).
A detailed technical review was carried out in collaboration with Dynamic Global Advisors of Houston. The technical aspect involved a two-phase study towards understanding the overall tectono-stratigraphic framework of the Deep Atlantic Area and its related petroleum system.
The first phase is entitled "A New Look at Eastern Deepwater Trinidad; Seismic Interpretation and Exploration Potential" and is based on the re-interpretation of reprocessed regional 2D seismic lines (CaribeSPAN) first acquired by GX Technologies (now ION). The study is one of the most detailed and up-to-date geologic analysis of this frontier basin and critically reviews the expected play concepts, including a comparison with established deep water plays in Nigeria and Gulf of Mexico. Further details can be obtained directly from Dynamic Global Advisors or the contacts listed at the end of this page.
The second phase of the study is entitled "Basin to Leads - Risks and Reserves: Exploration Potential of the Trinidad and Tobago Deep Atlantic" and was carried out under the patronage of the Ministry of Energy and Energy Affairs in collaboration with Dynamic Global Advisors. It builds on the framework established in the first phase and goes into specific details on aspects of the petroleum system, including basin modelling, reservoir characterization, pore pressure modelling and prediction (using seismic and well data), establishing characteristic leads, reserve and risk assessment and producibility.
There are other acreage enhancement studies that were undertaken on a speculative basis by several independent consultants that provide further insights into the Deep Atlantic area from several different perspectives. A piston core survey of the area was undertaken by TDI Brooks International (tdi-bi.com) in 2003 and details the presence of live thermogenic hydrocarbons over the acreage while Spectrum has reprocessed the original TTDAA regional 2D survey lines shot in 2004.
Interested parties are encouraged to visit the Data Room of the Ministry of Energy and Energy Affairs in Port of Spain to view well and seismic data related to open acreage, including data within the upcoming Competitive Bid Round. The Data Room is equipped with a dual monitor workstation running Landmark’s Seisworks and Stratworks software and this can be used to examine available well and seismic surveys.
Subscribe
