Trinidad and Tobago has a long and rich history in the oil and gas industry, with over 100 years of production both onshore and offshore. Cumulative production has reached over three billion barrels of oil. The Ministry of Energy and Energy Industries is committed to encouraging exploration for future reserves both onshore and offshore Trinidad and Tobago. As you may be aware, the Ministry has launched a series of bid-rounds including the deep-water bid-round in December 2021 and the Onshore bid-round in 2022, with plans to launch a Shallow Water bid round in the near future.
Read more here: Remarks by the Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister, the Honourable Mr. Stuart R. Young, M.P. at the Closing Ceremony for the 2022 Onshore and Nearshore Competitive Bid Round.