PORT OF SPAIN, Trinidad, CMC – The Energy Chamber of Trinidad and Tobago says 95 percent of the country’s natural gas last year had been produced by four major companies.
It stated that the four major producers, namely bpTT, Shell, EOG Resources, and Woodside, were able to produce the gas from offshore fields predominantly located off the east coast of Trinidad and the north coast of Trinidad and Tobago.
According to the Energy Chamber, in 2024, BPTT retained its long-held position as the largest producer of natural gas in Trinidad and Tobago, accounting for 46 percent of the natural gas produced.
“bpTT is majority owned by the British major international energy company, bp, but with a significant minority shareholding from the Spanish international energy company, Repsol. bpTT produced natural gas at an average rate of 1,174 million standard cubic feet per day (mmscf/d) over the year, or approximately 208 thousand barrels of oil equivalent per day (boe/d).”
The Energy Chamber stated that another UK-listed company, Shell, was the second-largest producer, with 23 percent at a rate of 586 mmscf/d, followed by US-headquartered EOG Resources and the Australian company Woodside, which accounted for 14 and 12 percent of national production, respectively.
The Energy Chamber noted that it should be acknowledged that some producing blocks have non-operator equity partners, including the National Gas Company (NGC) and Heritage Petroleum. However, the Ministry of Energy’s data reports production by the operating company rather than by the shareholders in the blocks.
The Trinidad and Tobago-based DeNovo is the only producer of natural gas from the west coast, accounting for one percent of national production. DeNovo is part of the Proman group, the biggest petrochemical producer in Point Lisas.
The state company, Heritage Petroleum, is the country’s largest crude oil producer. Still, it only directly produces approximately one percent of the country’s natural gas, with 14 million cubic feet per day (mmscf/d) produced offshore and 2 mmscf/d produced onshore.
The other company that produces natural gas onshore is Touchstone Exploration, which is jointly listed in Canada and the UK but operates solely in Trinidad. Touchstone produced about 33 mmscf/d last year but is in the process of purchasing another onshore gas-producing field (Central Block) from Shell.
The Energy Chamber stated that Perenco, a gas producer, is an Anglo-French mature field specialist company. Perenco was primarily an oil producer in Trinidad, but in 2024, its gas production grew as it took over ownership and management of some mature BPTT fields.
They ended the year with an average of two percent of total gas production. This is expected to significantly increase in 2025, as they assume ownership and management of the Woodside Angostura facility while also seeking to boost output from the fields they have previously acquired.
By the end of 2025, Perenco is likely to join EOG, Shell, and bpTT as the major Trinidad and Tobago gas producers, the Energy Chamber added.
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