Trinidad and Tobago announced December 3rd the launch of the 2021 Trinidad and Tobago Deep Water Competitive Bid Round for 17 blocks located off the northern and eastern coasts of Trinidad and Tobago.
The Bid Round will be open for six months, with the deadline for submission being June 2nd, 2022 at 12 noon. Successful bidders will be announced three months following the close.
Blocks for the Bid Round was selected based on internal technical evaluation, nominations as well as proximity to the current Deep Water development. Seventeen (17) offshore deep water blocks are on offer, namely, Blocks 23 (b), 24, 25 (a), 25 (b), 26, 27, TTDAA 1, TTDAA 2, TTDAA 4, TTDAA 8, TTDAA 9, TTDAA 11, TTDAA 15, TTDAA 25, TTDAA 26, TTDAA 28 and TTDAA 29, located off the northern and eastern coasts of Trinidad and Tobago.
Minister of Energy and Energy Industries, Stuart Young, will lead a team from the Ministry at the 23rd World Petroleum Congress in Houston, Texas, from December 5th to 8th, 2021, where he will address the Congress at the Latin America Ministerial Roundtable and meet with executives from the petroleum companies. The Ministry’s team will also have a booth at the event’s exhibition hall, where they will engage with stakeholders to promote the 2021 Deep Water Competitive Bid Round.