The government of Trinidad and Tobago has launched a competitive bid round featuring 17 deep-water exploration blocks in an effort to attract foreign investments.

The round will be open for six months, with the deadline for submissions of offers scheduled for 2 June 2022.

“Successful bidders will be announced three months following the close,” said the country’s Ministry of Energy and Energy Industries.

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The 17 blocks on display – 23 (b), 24, 25 (a), 25 (b), 26, 27, TTDAA 1, 2, 4, 8, 9, 11, 15, 25, 26, 28 and 29 – are located off the northern and eastern coasts of Trinidad and Tobago.

“Blocks for this bid round were selected based on internal technical evaluation, nominations as well as proximity to the current deep-water development,” the Ministry added.

Energy Minister Stuart Young said the country will offer production sharing contracts but did not disclose names of companies interested in the acreage.