BP Trinidad and Tobago LLC (bpTT) has grown from an oil to a large gas based company over the last 50 years. The company’s discovery of large volumes of gas in the mid 90’s contributed significantly to the rapid development of a thriving Trinidad and Tobago gas based industry, including petrochemical and LNG industries. BP continued to focus on gas based exploration, appraisal and production activities through the decade and has now grown to be in the privileged position of being the largest gas resource holder and producer in Trinidad and Tobago, supplying circa. 2.1bcf/day of daily gas demand. As the industry finding rate, in particular large fields, decreased over the last decade BP has had to look for ways of leveraging its incumbency to increase value for Trinidad and Tobago and BP. Sustaining resource progression and production at current rates is a very challenging and exciting proposition.
The opportunities that present themselves both from a technology and incumbency viewpoint along with the required competency, skills and capability make for a challenge that requires new ways of working. BP has embarked on a multi staged approach; optimizing recovery from the base, applying new technology, commencing an aggressive appraisal program and continuing to explore on existing and new acreage. Clearly the future wells and developments need to be economic and add value to both to Trinidad and Tobago and BP.
Given the time required to progress resources through to production, the pace required to prove resources to continue to support Trinidad and Tobago’s existing gas business provides an exciting and challenging sense of urgency, which demands a different approach to Resource development as compared to what was done in the past. In this paper we will describe the approach, as we define long term sustainability of the gas business for BP and the opportunities and challenges that present themselves.