Table of Contents
1 Table of Contents 2
1.1 List of Tables 9
1.2 List of Figures 11
2 Trinidad and Tobago Energy Sector 12
2.1 Trinidad and Tobago Energy
Sector, Market Overview 12
2.2 Trinidad and Tobago Energy Sector, Crude
Oil 13
2.2.1 Trinidad and Tobago Crude Oil, Overview 13
2.2.2 Trinidad
and Tobago Crude Oil, Supply and Demand Balance 13
2.2.3 Trinidad and
Tobago Crude Oil, Regulatory Structure 19
2.2.4 Trinidad and Tobago Crude
Oil, Infrastructure 19
3 Trinidad and Tobago Fiscal Regime 21
3.1
Trinidad and Tobago Petroleum Fiscal Environment 21
3.2 License Terms
22
3.3 Key Fiscal Terms 23
3.4 Sample Cashfolws Calculations 30
4
Trinidad and Tobago Oil Upstream Investment Environment Benchmarking 31
4.1 Introduction 31
4.2 The Overall Ranking 31
4.3 Upstream Fiscal
Attractiveness 32
4.3.1 Maximum Government Take Index 33
4.3.2 Maximum
State Participation Index 33
4.3.3 Domestic Market Obligation Index 33
4.4 Oil Sector Performance 34
4.4.1 Exploration Activity 36
4.4.2 Oil
Production 37
4.4.3 Oil Reserves 37
4.4.4 Oil Consumption 38
4.4.5
Refining Industry 38
4.5 Economic Performance 38
4.5.1 GDP Growth
Index 40
4.5.2 FDI Confidence Index 40
4.5.3 Balance of Trade Index
41
4.6 Socio-Political Performance 41
4.6.1 Democracy Index 43
4.6.2 Governance Index 43
5 Trinidad and Tobago Exploration and Production
Sector 44
5.1 Trinidad and Tobago Exploration and Production Sector,
Country Snapshot 44
5.1.1 Trinidad and Tobago Exploration and Production
Sector, Key Data 44
5.1.2 Trinidad and Tobago Exploration and Production
Sector, Crude Oil Assets Map 44
5.2 Trinidad and Tobago Exploration and
Production Sector, Gross Crude Oil Production 45
5.2.1 Trinidad and Tobago
Exploration and Production Sector, Gross Crude Oil-Historical Production
45
5.2.2 Trinidad and Tobago Exploration and Production Sector, Gross
Crude Oil Production by Assets 46
5.2.3 Trinidad and Tobago Exploration
and Production Sector, Gross Equity Weighted Crude Oil Production by Company
47
5.2.4 Trinidad and Tobago Exploration and Production Sector, Market
Share (%) based on Gross Equity Weighted Crude Oil Production 48
5.3
Trinidad and Tobago Exploration and Production Sector, Gross Crude Oil
Forecasts 50
5.3.1 Trinidad and Tobago Exploration and Production Sector,
Gross Crude Oil Forecasted Production 50
5.3.2 Trinidad and Tobago
Exploration and Production Sector, Gross Revenue Forecast 50
5.3.3
Trinidad and Tobago Exploration and Production Sector, Government Take
Forecast 51
5.3.4 Trinidad and Tobago Exploration and Production Sector,
Contractor Take Forecast 51
6 Trinidad and Tobago Pipeline Sector 52
6.1 Trinidad and Tobago Pipeline Sector, Key Data 52
6.2 Trinidad and
Tobago Pipeline Sector, An Overview 52
6.3 Trinidad and Tobago Pipeline
Sector, Comparision of Key Crude Oil Pipeline Companies 52
6.4 Trinidad
and Tobago Pipeline Sector, Comparision of Key Petroleum Product Pipeline
Companies 53
6.5 Trinidad and Tobago Pipeline Sector, Crude Oil Pipelines
54
6.6 Trinidad and Tobago Pipeline Sector, Petroleum Products Pipelines
54
7 Trinidad and Tobago Refining Sector 55
7.1 Trinidad and Tobago
Refining Sector, Key Data 55
7.2 Trinidad and Tobago Refining Sector, An
Overview 55
7.2.1 Trinidad and Tobago Refining Sector, Total Refining
Capacity 55
7.3 Trinidad and Tobago Refining Sector, Capacity- Wise Market
Share by Company 56
7.4 Trinidad and Tobago Refining Sector, Crude
Distillation Unit Capacity 57
7.5 Refining Industry In Trinidad And
Tobago, Fluid Catalytic Cracking Capacity 57
7.6 Refining Industry In
Trinidad And Tobago, Hydrocracking Capacity 57
8 Trinidad and Tobago Oil
and Chemicals Storage Sector 58
8.1 Trinidad and Tobago Oil and Chemicals
Storage Sector, Key Data 58
8.2 Trinidad and Tobago Oil and Chemicals
Storage Sector, An Overview 58
8.2.1 Trinidad and Tobago Oil and Chemicals
Storage Sector, Total Storage Capacity 58
8.3 Trinidad and Tobago Oil and
Chemicals Storage Sector, Capacity-Wise Market Share By Company 60
8.4
Trinidad and Tobago Oil and Chemicals Storage Sector, Storage Capacity 61
9 Profile of BHP Billiton 62
9.1 BHP Billiton, Key Information 62
9.2
BHP Billiton, Company Overview 62
9.3 BHP Billiton, Business Description
62
9.3.1 BHP Billiton, Business Description, Business Overview 62
9.3.2 BHP Billiton, Business Description, Aluminium 63
9.3.3 BHP Billiton,
Business Description, Base Metals 64
9.3.4 BHP Billiton, Business
Description, Diamonds and Specialty Products 65
9.3.5 BHP Billiton,
Business Description, Energy Coal 66
9.3.6 BHP Billiton, Business
Description, Iron Ore 67
9.3.7 BHP Billiton, Business Description,
Manganese 68
9.3.8 BHP Billiton, Business Description, Metallurgical Coal
69
9.3.9 BHP Billiton, Business Description, Petroleum 70
9.3.10 BHP
Billiton, Business Description, Stainless Steel Materials 71
9.3.11 BHP
Billiton, Business Description, Major Products and Services 72
9.4 BHP
Billiton, Value Chain Analysis 74
9.4.1 BHP Billiton, Value Chain
Analysis, Upstream 74
9.4.2 BHP Billiton, Value Chain Analysis, Midstream
75
9.4.3 BHP Billiton, Value Chain Analysis, Retail 76
9.5 BHP
Billiton, SWOT Analysis 77
9.5.1 BHP Billiton, SWOT Analysis, Overview
77
9.5.2 BHP Billiton, SWOT Analysis, Strengths 77
9.5.3 BHP Billiton,
SWOT Analysis, Weaknesses 79
9.5.4 BHP Billiton, SWOT Analysis,
Opportunities 79
9.5.5 BHP Billiton, SWOT Analysis, Threats 80
9.6 BHP
Billiton, Revenue Analysis 82
9.6.1 BHP Billiton, Revenue by Segment
82
9.6.2 BHP Billiton, Revenue by Geography 83
9.7 BHP Billiton,
Financial and Operational Review 85
9.7.1 Financial Statements 85
9.7.2 Financial Ratios 86
10 Profile of BG Group plc 87
10.1 BG Group
plc, Key Information 87
10.2 BG Group plc, Company Overview 87
10.3 BG
Group plc, Business Description 87
10.3.1 BG Group plc, Business
Description, Business Overview 87
10.3.2 BG Group plc, Business
Description, Exploration and Production 88
10.3.3 BG Group plc, Business
Description, Liquefied Natural Gas 90
10.3.4 BG Group plc, Business
Description, Power and Other activities 92
10.3.5 BG Group plc, Business
Description, Transmission and Distribution 93
10.3.6 BG Group plc,
Business Description, Major Products and Services 94
10.4 BG Group plc,
Value Chain Analysis 95
10.4.1 BG Group plc, Value Chain Analysis,
Upstream 96
10.4.2 BG Group plc, Value Chain Analysis, Midstream 96
10.4.3 BG Group plc, Value Chain Analysis, Downstream 97
10.5 BG Group
plc, SWOT Analysis 98
10.5.1 BG Group plc, SWOT Analysis, Overview 98
10.5.2 BG Group plc, SWOT Analysis, Strengths 98
10.5.3 BG Group plc, SWOT
Analysis, Weaknesses 99
10.5.4 BG Group plc, SWOT Analysis, Opportunities
100
10.5.5 BG Group plc, SWOT Analysis, Threats 101
10.6 BG Group plc,
Revenue Analysis 102
10.6.1 BG Group plc, Revenue Analysis, Revenue by
Segment 102
10.6.2 BG Group plc, Revenue Analysis, Revenue by Geography
103
10.7 BG Group plc, Financial and Operational Review 104
10.7.1
Financial Statements 104
10.7.2 Financial Ratios 105
11 EOG Resources,
Inc. 106
11.1 EOG Resources, Inc., Key Information 106
11.2 EOG
Resources, Inc., Company Overview 106
11.3 EOG Resources, Inc., Business
Description 106
11.3.1 EOG Resources, Inc., Business Description, Business
Overview 106
11.3.2 EOG Resources, Inc., Business Description, Exploration
and Production 107
11.3.3 EOG Resources, Inc., Business Description, Major
Products and Services 108
11.4 EOG Resources, Inc., Value Chain Analysis
109
11.4.1 EOG Resources, Inc., Value Chain Analysis, Upstream 109
11.5 EOG Resources, Inc., SWOT Analysis 110
11.5.1 EOG Resources, Inc.,
SWOT Analysis, Overview 110
11.5.2 EOG Resources, Inc., SWOT Analysis,
Strengths 111
11.5.3 EOG Resources, Inc., SWOT Analysis, Weaknesses
111
11.5.4 EOG Resources, Inc., SWOT Analysis, Opportunities 112
11.5.5 EOG Resources, Inc., SWOT Analysis, Threats 113
11.6 EOG Resources,
Inc, Revenue Analysis 114
11.6.1 EOG Resources, Inc, Revenue by Segment
114
11.6.2 EOG Resources, Inc, Revenue by Geography 115
11.7 EOG
Resources, Inc, Financial and Operational Review 116
11.7.1 Financial
Statements 116
11.7.2 Financial Ratios 117
12 Financial Deals
Landscape 118
12.1 Detailed Deal Summary 118
12.1.1 Acquisition
118
12.1.2 Equity Offerings 119
12.1.3 Partnerships 120
12.1.4
Asset Transactions 122
13 Recent Developments 128
13.1 License Rounds
128
13.1.1 Dec 11, 2008: Trinidad And Tobago To Open Bidding For New
Exploration Licenses In 2009 128
13.2 License Awards 128
13.2.1 Dec
30, 2008: Trinidad And Tobago To Sign PSC For Marine Block 128
13.3
Strategy and Business Expansion 129
13.3.1 Apr 07, 2009: LN Mittal To Quit
From Trinidad JV With ONGC 129
13.4 Recent Discoveries 130
13.4.1 Aug
13, 2008: Canadian Superior Announces Natural Gas Discovery Offshore Trinidad
130
13.5 Drilling and Production Updates 131
13.5.1 May 15, 2009: Leni
Gas & Oil Provides Production Update 131
13.5.2 Apr 14, 2009: Leni Gas &
Oil Provides Production Update 132
13.5.3 Mar 05, 2009: Leni Gas & Oil
Provides Production Update 134
13.5.4 Mar 03, 2009: Challenger Energy
Announces Initial Flow Test Results From Endeavour Well, Offshore Trinidad
135
13.5.5 Feb 12, 2009: BPTT To Place Savonette Platform Into Production
136
13.5.6 Feb 09, 2009: Fluor Announces First Gas At Poinsettia Platform
Offshore Trinidad 136
13.5.7 Feb 03, 2009: Leni Provides Production Update
137
13.5.8 Jan 23, 2009: Canadian Superior To Commence Flow Test On
Endeavour Well, Offshore Trinidad 138
13.5.9 Jan 09, 2009: Leni Provides
Production Update 139
13.5.10 Dec 29, 2008: Canadian Superior Updates On
Endeavour Well Offshore Trinidad & Tobago 140
13.5.11 Dec 11, 2008: Leni
Provides November 2008 Production Update 141
13.5.12 Dec 08, 2008:
Canadian Superior Temporally Suspends Drilling On Endeavour Well In Intrepid
Block, Trinidad & Tobago 142
13.5.13 Nov 12, 2008: Maxim Reaches Total
Depth At ER-100 Well In South Erin Field, Trinidad 143
13.5.14 Oct 29,
2008: Challenger Updates On Drilling Activities At Endeavour Well In Offshore
Trinidad 143
13.5.15 Oct 23, 2008: Maxim Drills South Erin Well In
Trinidad 144
13.5.16 Oct 14, 2008: Canadian Superior Runs 13-5/8" Casing
On Endeavour Well In Intrepid Block 5(c) Offshore Trinidad 144
13.5.17 Oct
09, 2008: Maxim To Drill Four Wells At South Erin Oil Field In Trinidad
145
13.6 Financial Announcements 146
13.6.1 Aug 25, 2008: Primera
Energy Declares 2Q 2008 Results 146
13.7 Other Significant Developments
147
13.7.1 May 15, 2009: Petro Andina Completes Airborne Geophysical
Survey In Trinidad & Tobago 147
13.7.2 May 01, 2009: Petro Andina Provides
Q1 2009 Operational Update 148
13.7.3 Feb 17, 2009: Repsol To Increase
Investments In Trinidad And Tobago 150
13.7.4 Dec 30, 2008: OMEL Energy To
Invest $500 Million In Trinidad And Tobago 151
13.7.5 Sep 08, 2008:
Trinidad And Tobago To Help Uganda In Oil Managment 152
13.8 New Contracts
Announcements 152
13.8.1 Nov 03, 2008: KBR Receives $1.2 Million From BG
T&T For Two Pre-FEED Studies 152
14 Appendix 154
14.1 Methodology
154
14.1.1 Coverage 155
14.1.2 Secondary Research 156
14.1.3
Primary Research 156
14.1.4 E&P Forecasts 156
14.1.5 Midstream
Forecasts 158
14.1.6 Expert Panel Validation 158
14.2 Contact Us
158
14.3 About GlobalData 158
14.4 Disclaimer 159
1.1 List of
Tables
Table 1: Trinidad and Tobago , Historical and Forecasted
Production and Consumption of Crude Oil, 1996-2020 14
Table 2: Trinidad
and Tobago, Historical and Forecasted Exports of Crude Oil, 1996-2020 16
Table 3: Trinidad and Tobago , Historical Reserves of Crude Oil, 1996-2008
18
Table 4: Trinidad and Tobago, Production Bonus For Standard Area, 2007
23
Table 5: Trinidad and Tobago, Production Bonus For Deepwater Area, 2007
24
Table 6: Trinidad and Tobago, Rentals Rates For Standard Area, 2007
24
Table 7: Trinidad and Tobago, Rentals Rates For Deepwater Area, 2007
25
Table 8: Trinidad and Tobago, Cost Recovery For Standard Areas, 2007
26
Table 9: Trinidad and Tobago, Cost Recovery For Deepwater Areas, 2007
26
Table 10: Trinidad and Tobago, Profit Oil/Gas For Standard Areas, 2007
27
Table 11: Trinidad and Tobago, Profit Oil/Gas For Deepwater Areas, 2007
27
Table 12: South and Central America, Investment Benchmarking, Overall
Country Rankings, 2008 31
Table 13: South and Central America, Investment
Benchmarking, Upstream Fiscal Attractiveness, 2008 32
Table 14: South and
Central America, Investment Benchmarking, Oil Sector Performance, 2008 34
Table 15: South and Central America, Investment Benchmarking, Economic
Performance, 2008 39
Table 16: South and Central America, Country
Standings, Economic Performance, 2008 39
Table 17: South and Central
America, Investment Benchmarking, Socio-Political Performance, 2008 41
Table 18: South and Central America, Country Standings, Socio-Political
Performance, 2008 42
Table 19: Trinidad and Tobago, Crude Oil Key
Statistics, 2008 44
Table 20: Trinidad and Tobago, Total Gross Crude Oil
Production (MMBBLs), 2001-2008 45
Table 21: Trinidad and Tobago, Gross
Crude Oil Production (MMBBLs), by Assets, 2001-2008 46
Table 22: Trinidad
and Tobago, Gross Equity Weighted Crude Oil Production (MMBBLs), by Company,
2001-2008 47
Table 23: Trinidad and Tobago, Market Share (%) based on
Gross Equity Weighted Crude Oil Production, 2001-2008 48
Table 24:
Trinidad and Tobago, Gross Crude Oil Production (MMBBLs), Forecast by Assets,
2009-2014 50
Table 25: Trinidad and Tobago, Forecasted Assets-wise Gross
Revenue(000' $), 2009-2014 50
Table 26: Trinidad and Tobago, Projected
Assets-wise Total Government Take (000' $), 2009-2014 51
Table 27: Trinidad
and Tobago, Projected Assets-wise Total Contractor Take (000' $), 2009-2014
51
Table 28: Trinidad and Tobago, Pipeline Key Statistics, 2008 52
Table 29: Trinidad and Tobago, Crude Oil Pipeline Length by Company (Km), 2008
52
Table 30: Trinidad and Tobago, Petroleum Product Pipeline Length by
Company (Km), 2008 53
Table 31: Trinidad and Tobago, Crude Oil Pipelines,
2008 54
Table 32: Trinidad and Tobago, Petroleum Product Pipelines, 2008
54
Table 33: Trinidad and Tobago, Refinery Key Statistics, 2008 55
Table 34: Trinidad and Tobago, Total Refining Capacity (MMTPA), 2000- 2013
55
Table 35: Trinidad and Tobago, Refining Capacity Company-wise (MMTPA),
2000-2013 56
Table 36: Trinidad and Tobago, Crude Distillation Unit
Capacity (MMTPA), 2000-2013 57
Table 37: Trinidad and Tobago, Fluid
Catalytic Cracking Unit Capacity (MMTPA), 2000-2013 57
Table 38: Trinidad
And Tobago, Hydrocracking Unit Capacity MMTPA), 2000-2013 57
Table 39:
Trinidad and Tobago, Oil Storage Key Statistics, 2008 58
Table 40:
Trinidad and Tobago, Total Oil and Chemicals Storage Capacity (Thousand M3),
2000- 2013 58
Table 41: Trinidad and Tobago, Oil and Chemicals Storage
Capacity Company-wise (Thousand M3), 2000-2013 60
Table 42: Trinidad and
Tobago, Storage Capacity (Thousand M3), 2000-2013 61
Table 43: BHP
Billiton, Key Facts 62
Table 44: BHP Billiton, SWOT Analysis 77
Table
45: BHP Billiton, Revenue by Segment, USD Million, 2003-2007 83
Table 46:
BHP Billiton, Revenue by Geography, USD Million, 2003-2007 84
Table 47:
BHP Billiton, Financial Statements, USD Million, 2003-2007 85
Table 48:
BHP Billiton, Financial Ratios, USD Million, 2003-2007 86
Table 49: BG
Group plc, Key Facts 87
Table 50: BG Group plc, SWOT Analysis 98
Table
51: BG Group plc, Revenue by Segment, GBP Million, 2003-2007 102
Table 52:
BG Group plc, Revenue by Geography, GBP Million, 2003-2007 103
Table 53:
BG Group plc, Financial Statements, GBP Million, 2003-2007 104
Table 54:
BG Group plc, Financial Ratios, GBP Million, 2003-2007 105
Table 55: EOG
Resources, Inc., Key Facts 106
Table 56: EOG Resources, Inc., SWOT
Analysis 110
Table 57: EOG Resources, Inc., Revenue by Segment, USD
Thousand, 2003-2007 114
Table 58: EOG Resources, Inc., Revenue by
Geography, USD Thousand, 2003-2007 115
Table 59: EOG Resources, Inc.,
Financial Statements, USD Thousand, 2003-2007 116
Table 60: EOG Resources,
Inc., Financial Ratios, USD Thousand, 2003-2007 117
Table 61: Pioneer
Exploration To Acquire Macallan Oil & Gas 118
Table 62: Primera Energy
Completes Private Placement Of $1.48 Million 119
Table 63: Bayfield Energy
To Form Joint Venture With Petroleum Company of Trinidad and Tobago 120
Table 64: Benchmark Energy Enters Into Joint Venture Agreement With Fram
Exploration 121
Table 65: Canadian Superior Energy To Sell 25% Interest In
Its Intrepid Block 5(c) Offshore And Related Discoveries 122
Table 66:
Talisman Energy To Sell Its Trinidad Assets To Sinopec And CNOOC 123
Table
67: Talisman Energy To Sell Its Assets In Netherlands, Denmark And Trinidad
125
Table 68: Kroes Energy Sells Its 25% Interest In The Icacos Block To
Leni Gas & Oil 126
Table 69: EOG Acquires U(b) Block From Primera Oil &
Gas 127
1.2 List of Figures
Figure 1: Trinidad and Tobago, Energy
Sector break-up, 2008 12
Figure 2: Trinidad And Tobago, Crude Oil
Production And Consumption, Thousand Barrels Per Day, 1996-2020 15
Figure
3: Trinidad And Tobago, Crude Exports, Thousand Barrels Per Day, 1996-2020
17
Figure 4: Trinidad And Tobago, Crude Oil Reserves, Million Barrels,
1996-2008 18
Figure 5: Trinidad And Tobago, Upstream Oil & Gas Fiscal
Regime (PSA), Sample Cashflows, 2005-2016 30
Figure 6: South and Central
America, Country Standings, Upstream Fiscal Attractiveness, 2008 33
Figure
7: South and Central America, Country Standings, Oil Sector Performance, by
Reserves-Exploration & Production, 2008 35
Figure 8: South and Central
America, Country Standings, Oil Sector Performance, by Production-Consumption
& Refining, 2008 36
Figure 9: South and Central America, Country
Standings, Exploration Blocks Awarded, 2008 37
Figure 10: South and
Central America, Country Standings, Economic Performance, 2008 40
Figure
11: South and Central America, Country Standings, Socio-Political Performance,
2008 42
Figure 12: Trinidad and Tobago, Crude Oil Assets Map, 2008 44
Figure 13: Trinidad and Tobago, Total Gross Crude Oil Production (MMBBLs),
2001-2008 45
Figure 14: Trinidad and Tobago, Gross Equity Weighted Crude
Oil Production (MMBBLs), by Company, 2001-2008 48
Figure 15: Trinidad and
Tobago, Market Share (%) based on Gross Equity Weighted Crude Oil Production,
2008 49
Figure 16: Trinidad and Tobago, Petroleum Product Pipeline Length
by Company (Km), 2008 53
Figure 17: Trinidad and Tobago, Total Refining
Capacity (MMTPA), 2000- 2013 56
Figure 18: Trinidad and Tobago, Total Oil
and Chemicals Storage Capacity (Thousand M3), 2000- 2013 59
Figure 19:
Trinidad and Tobago, Oil and Chemicals Storage Capacity Company-wise (Thousand
M3), 2000-2013 60
Figure 20: BHP Billiton, Value Chain Analysis 74
Figure 21: BG Group plc, Value Chain Analysis 95
Figure 22: EOG Resources,
Inc., Value Chain Analysis 109
Figure 23: GlobalData Methodology 155
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