Energy Ministers Sign Agreements With Perenco To Progress Mature Asset Development

On 10 April 2026, Dr the Honourable Roodal Moonilal, Minister of Energy and Energy
Industries, signed agreements to effect amendments to the Production Sharing Contracts
for Blocks 2(c) and 3(a) with Perenco Trinidad and Tobago Limited at the Ministry of
Energy and Energy Industries’ Head Office.

This milestone follows the successful execution, one month earlier, of three upstream gas
supply agreements between the National Gas Company and Perenco for gas produced
from Blocks 2(c), 3(a), and the Teak, Samaan and Poui (TSP) fields.

These amendments are intended to accelerate the revitalization of Blocks 2(c) and 3(a),
which contain mature hydrocarbon fields located offshore Trinidad’s north-east coast.
At the signing ceremony, Dr the Honourable Roodal Moonilal, Minister of Energy and
Energy Industries, stated that the Government of the Republic of Trinidad and Tobago will
continue to support the rejuvenation of mature hydrocarbon fields to extend their
producing life by working diligently with companies such as Perenco. Dr Moonilal further
stated that these actions will redound to the benefit of Trinidad and Tobago through the
integration of additional volumes into the hydrocarbon value chain.

Also present at the signing of the amendment agreements were the Honourable Ernesto
Kesar, Minister in the Ministry of Energy and Energy Industries; Mrs Ava Mahabir-Dass,
Permanent Secretary (Ag.), Ministry of Energy and Energy Industries; Ms Kezia Redhead,
State Counsel II, Ministry of Energy and Energy Industries; Mr Stephane Barc, General
Manager, Perenco; Mr Allan Russel, Business Advisor, Perenco; Mr Sam Henry,
Commercial Manager, Perenco; and Mr Luke Rajak, Legal Advisor, Perenco.

Dr. The Honourable Roodal Moonilal and Mr. Stephane Barc, General Manager of Perenco, formalize a key agreement at a signing ceremony between Perenco and the Ministry of Energy and Energy Industries. Witnessing the occasion are The Honourable Ernesto Kesar, Minister in the Ministry of Energy and Energy Industries, and Kezia Redhead, State Counsel II.

Dr. The Honourable Roodal Moonilal signs the agreement during the official ceremony between Perenco and the Ministry of Energy and Energy Industries.

Dr. The Honourable Roodal Moonilal, Minister of Energy and Energy Industries and Mr. Stephane Barc, General Manager of Perenco, share a handshake following the signing ceremony, accompanied by The Honourable Ernesto Kesar, Minister in the Ministry of Energy and Energy Industries.