BMI View: Trinidad & Tobago’s most recent licensing round is an important bright spot on an otherwise strained oil and gas industry. Oil production is forecast to decline over our 10-year forecast period to 2022, while gas production will only begin to pick-up again in 2016. Due to the success of this latest licensing round, the government expects an upturn in drilling activity and, with several new smaller international oil companies participating in the sector, there is some scope to support the trends in oil and gas production. The main trends and developments in the Trinidad & Tobago (T&T) oil …
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