THE SEISMIC work conducted at the cross-border Manakin-Cocuina gas field has been completed and is currently being processed, the Energy Ministry has stated.
The Energy Ministry made the statement in a release issued following a meeting between acting Prime Minister Stuart Young and executives of bpTT, led by its president David Campbell yesterday.
Processing stage
“At the meeting, Mr David Campbell provided an update on bpTT’s areas of operations within Trinidad and Tobago. Mr Campbell reported that the seismic acquisition for the Manakin-Cocuina field was completed, and the data collected is now at the processing stage,” the release stated.
The Manakin–Cocuina field extends across the delimitation line between Trinidad and Tobago, and Venezuela.
The Cocuina field was discovered in 1983, followed by the discovery of Manakin in 2000. In 2015, the governments of Trinidad and Tobago and Venezuela signed a unitisation agreement for the joint exploitation and development of hydrocarbon reservoirs of the fields.
Within the unitised Manakin-Cocuina field, 66% of the discovered gas resources have been allocated to Trinidad (the Manakin field) with 34% allocated to Venezuela (the Cocuina field).
On July 24 bp and the National Gas Company of Trinidad and Tobago (NGC) were awarded an exploration and production licence by Venezuela for the development of the Cocuina gas discovery.
On August 30, Young announced on X (formerly Twitter) that the vessel PXGEO2, along with two supporting ships, were scheduled to conduct a 3D seismic survey between September 4 and 19 at a portion of the Manakin field.
Apart from the Manakin-Cocuina survey yesterday, Campbell also provided an update on bpTT’s joint venture, deep water projects and the divestment of its mature assets to Perenco, the release stated.
“With respect to drilling operations, it was reported to the Energy Minister that drilling at the Cypre development continues and further development drilling opportunities are being evaluated. This is in keeping with the Energy Minister’s call to get every molecule of oil and gas from the ground and bpTT’s commitment to accelerate gas production. With renewable energy also in bpTT’s local energy portfolio, it was reported that the 92.2 megawatts (MW) solar project, Project Lara, continues apace, and is expected to be online by 2025,” it stated.
Also present at the meeting were permanent secretary Sandra Fraser, bpTT’s vice-president of Communications and External Affairs Giselle Thompson, and chemical engineer II Terrance Ali.