T&T's best upstream outlook in years, but don’t celebrate yet

The narrative surrounding Trinidad and Tobago's energy sector has long been dominated by a story of scarcity: declining gas production, depleting fields, and the elusive Dragon gas field. This has led to significant curtailments and shutdowns at industrial facilities like Point Lisas, impacting ammonia and methanol production capacity.

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The situation has been fluid, with some operators securing new gas contracts and restarting capacity while others remain offline or constrained.

However, a different story may be emerging from the current investments and developments. While the demand for gas remains high and facilities have struggled, the supply side is showing signs of life. Two significant projects achieved first gas in 2025: bpTT's Cypre field, a subsea tieback to the Juniper platform, began production in April, delivering around 250 million cubic feet per day (mmscfd) at peak. A month later, the Mento project, a joint venture between EOG Resources and bpTT, also started producing gas.

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Cypre delivers around 250 mmscfd at peak. It came in roughly 2.5 years from final investment decision, which is about as efficiently as you can execute an offshore tieback in this part of the world.

Looking ahead, the energy industry is anxiously awaiting 2027, a year earmarked for the first gas from four major projects. bpTT's Ginger project, sanctioned in March 2025, involves four subsea wells tied back to the Mahogany B platform, with a peak capacity of approximately 370 mmscfd. Drilling is ongoing through 2026. Shell sanctioned its Aphrodite project in June 2025, a subsea tieback expected to yield around 107 mmscfd at peak.

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Four subsea wells tied back to the Mahogany B platform, about 50 miles off the southeast coast, with peak production capacity around 370mmscfd.

Additionally, another joint venture between bpTT and EOG Resources, named Coconut, is also progressing. While these upcoming projects offer a glimmer of hope for alleviating the gas supply crunch, the industry remains cautious. The long-standing challenges and the inherent complexities of offshore gas development mean that celebration is premature until sustained production and reliable supply are secured.

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A single subsea tieback routed through the Dolphin platform in Shell’s East Coast Marine Area, targeting around 107 mmscfd at peak.