Signatories included Trinidad and Tobago’s Stuart Young, minister in the office of the prime minister, Venezuela’s Minister of Petroleum Nelson Martínez and Luis Prado, Shell’s representative in both countries.
The agreement will see the two nation’s work together to construct and maintain a 17-kilometre pipeline, the centrepiece of Wednesday’s deal, between the Dragón Field in Venezuela to Trinidad and Tobago’s Shell-operated Hibiscus field.
The infrastructure will ultimately transport between 5.66 mcm-8.5 mcm (200 mcf-300 mcf) of gas to Trinidad, a boon in the wake of continuing gas shortages.
The newly minted agreement follows a December 3, 2016 government-to-government agreement for the commercial exploitation of Venezuela’s Dragón gasfield.
Shell has partnered with the government of Trinidad on this deal. The super-major owns an offshore platform in Trinidadian waters through which imports from the Dragón Field will enter Trinidadian pipelines.
Image courtesy of Venezuela’s Ministry of Petroleum and Mining (MPM)
Saipem has been awarded a USD 850-million contract for subsea works in Angola by local BP-Eni joint venture Azule Energy,… Read More
Arrow Exploration has spud a new production well on the Tapir block in Colombia’s Llanos Basin, the company announced on… Read More
Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More
Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More
Seatrium has been awarded a contract by SBM Offshore for the topsides fabrication and integration of an additional FPSO vessel… Read More
This website uses cookies.