Trinidad & Tobago upstream players and authorities are predicting a busy year in 2019 as companies ramp up exploration activity and look ahead to the next stages of development.
Regulators said they are also considering a new deep-water bid round as a shallow-water process for six blocks is ongoing and due to wrap up in May.
“Investment in the industry, which had reached a low, has picked up as upstream companies have committed to spend up to $10 billion over the next five years,” Energy Minister Franklin Khan told the annual Trinidad & Tobago Energy Conference in Port of Spain.
