Historic Info On The Petroleum Trade Of Trinidad And Tobago

Lee Lum drilled and examined a properly which produced 455 liters of oil in 2 hours.

hydrochloric acid1903 Guyaguayare No. 3…first effectively to be drilled with rotary tools.

1904 A Mines Department instituted as a department of the general public Works with the manufacturing of manjak.

1908 Industrial oil production begins in Trinidad close to the Pitch Lake, La Brea

1910 First export cargo of crude oil was shipped by tanker at Brighton, La Brea

1911 Discovery of Tabaquite area most northerly oilfield discovered on land, so far.

1912 Small refinery built at Level Fortin

1914 Production reached 1 MMB/year and the oil industry employed 1,200.

1919 Refinery capability elevated to 9,000 barrels of oil per day. Sixty-six p.c of crude oil produced was refined locally.

1921 Manufacturing started from Trinidad Leaseholds Ltd.’s Cat Cracker Unit at Pointe-a-Pierre.

1930 Crude oil manufacturing elevated to 10 million barrels per year.

1930 First importation of oil from Venezuela for refining domestically.

1930 First geophysical surveys made in the Brighton area.

1932 Electrical well logging launched in Trinidad.

1933 Trinidad Oilfields Ltd. introduces fuel injection within the Forest Reserve Upper Cruse sand.

1937 Widespread labour unrest in the oilfield area.

1940 Refining capacity elevated to approximately 285,000 bbl/day

1954 Marine drilling for oil started in the Soldado Area by Trinidad Northern Areas Restricted (TRINMAR)

1954 Deepest well drilled on land Apex, Fyzabad Nicely No. 560 drilled to 16,155 toes.

1955 Discovery of the northern-most gasoline field in Trinidad at Mahaica, by Dominion Oil Limited.

1955 Manufacturing from Soldado oilfield at Trinmar initiated.

1958 First well started on platform 1.2 miles offshore from Brighton. The platform was designed to accommodate 36 wells, which was a world file for this type of platform.

1959 Federation Chemicals Ltd. pioneered the usage of pure fuel in Trinidad and Tobago as a chemical feedstock within the manufacture of ammonia.

1961 Galeota No. 1 first exploratory effectively drilled offshore the East Coast of Trinidad. Well

produced oil but thought of uneconomic.

1962 Formation of the Ministry of Petroleum and Mines.

1963 Appointment of Fee of Enquiry into the Oil Trade.

1967 A brand new manufacturing high of sixty five million barrels per yr was achieved.

1968 First industrial oil discovery off the East Coast of Trinidad (off Pt. Radix) effectively OPR-2.

1968 Authorities of Trinidad and Tobago and the United Nations carried out a seismic survey off Trinidad’s North Coast.

1969 New Petroleum Laws enacted Act No. Forty six of 1969.

1969 On July 1, Government in a joint venture with Tesoro Corporation acquired the native belongings of British Petroleum; GOTT’s first venture into national possession of an oil company.

1969 The National Petroleum Firm was established by regulation.

1970 First Marine concessions under the new petroleum act have been given out (North Coast Marine Areas).

1971 Drilling began off the North Coast of Trinidad .pure gas discovered.

1972 Trinidad and Tobago National Petroleum Marketing Firm created.

1972 Industrial production started offshore the East Coast of Trinidad from AMOCO’s Teak Platform.

1972 Delta Exploration Co., contracted to conduct a seismic survey of two million acres of offshore territory in East Coast and Gulf of Paria.

1974 On August thirty first, Government acquired the native operations of Shell Trinidad Limited and formed the Trinidad and Tobago Oil Firm Limited (TRINTOC)

1974 Petroleum Taxes Act revised the taxation methods in the petroleum industry and launched the Refinery Throughput Tax.

1975 Formation of the National Gasoline Firm for the transmission and sales of pure gas.

1977 The government of Trinidad and Tobago takes its choice of a further 20 per cent participation in South Coast Consortium as a business discovery is introduced.

1977 Tringen- Commissioning activities were completed and the shipment of ammonia destined for the U.S.A. and Europe was begun.

1979 FERTRIN – Sod-breaking ceremony January 1979.

1980 Formation of the Nationwide Vitality Company.

1980 Commissioning of the Iron and Steel Firm of Trinidad and Tobago (ISCOTT)

1981 TRINTOC granted an Exploration and production (Public Petroleum Rights) Licence over Block 9-North of the NW Peninsula of Trinidad.

1982 TRINTOC enters into a processing agreement with TEXACO Trinidad Inc. for the processing of 1 million bbls of crude oil.

1982 Installation work begins on the second cross country pipeline by the National Fuel Company.

1983 Cassia Fuel Field comes on stream in Might 1983

1983 Urea plant at Level Lisas commissioned in December 1983

1983 Decline in world crude oil prices. OPEC marker crude price lower from $34/bbl., which

adversely impacts the local oil trade.

1983 Supplemental Petroleum Tax for land operations decreased from 35% to 15%.

1983 Offshore section of NOC 760 mm (30 inch) pipeline accomplished and put into service.

1983 Seismic survey utilizing the vibroseis method initiated by Western Geophysical Co. (of USA)

1984 Crude oil production registers its first improve since 1978, production elevated from 155.078 bbl/d to 163,937 bbl/d. This represents a rise in common daily production of 6.Zero% above the 1983 average.

1984 Information from the marine seismic new areas off the North and East Coast of Trinidad and Tobago, put on sale.

1984 Joint UNDP/ World Bank Evaluation of Trinidad and Tobago undertaken.

1984 Methanol Plant at Point Lisas begins business production.

1985 AMOCO produces its 500 millionth barrel of crude oil i.e. 22.6% of whole crude manufacturing for the country at that date.

1985 Submarine manufacturing allowance terminated with impact from 31.12.83.

1985 TEXTRIN is integrated with TRINTOC as a few of its belongings are acquired by GOTT.

1985 Fireplace on TRINTOC, Pointe-a-Pierre jetty kills 14 workers.

1985 GOTT acquired Tesoro Corporation’s forty nine.9% fairness in Trinidad-Tesoro Petroleum Firm Limited for three.23 million barrels of residual gasoline to be paid over a interval of 18 months: May 1986 to November 1987. Name of the company changed to Trinidad and Tobago Petroleum Company Restricted (TRINTOPEC).

1986 OPEC did not agree on an oil production policy that could have reversed the collapse in world history oil prices. This decline in oil prices had a destructive impression on the local oil business.

1986 Compressed pure gasoline (instead motor automobile gasoline) pilot challenge is launched and the first CNG filling station inaugurated.

1988 Trintomar Limited integrated to develop and operate acreage held by the SECC. Comprises Trintoc forty%, Trintopc forty% and NGC 20%.

1988 Three offshore blocks: 511, Decrease Reverse ‘L shaped and “U shaped blocks put up for aggressive bidding.

1988 GOTT revises Supplemental Petroleum Taxes and announces major tax incentives for workovers and marine heavy oil manufacturing.

1989 Bidding invited for 4 new blocks off the East Coast – Block 89/2, Block 89/three, Block 89/4 and Block 89/5.

1989 Introduction of the lease operatorship and farmout programme.

1989 Exploration and Manufacturing Licence signed for Block 5-eleven (Trintopec/Mobil).

1989 Signing of the joint venture settlement for the formation of the Phoenix Park Gasoline Processors Ltd.

1989 Caribbean Ispat commenced operations in Might 1989.

1990 Venezuela and Trinidad and Tobago signal an oil cooperation settlement.

1991 Block 89/2 and 89/3 awarded to BHP (Americas) Inc. and Unocal Corporation respectively.

1991 Norsk Hydro-Agri Trinidad Limited commenced operations in January 1991. This company operates three ammonia plants in Point Lisas.

1991 Phoenix Park Gasoline Processors Restricted commenced operations.

1992 EOG Sources started operations. EOG is at present contracted to promote gas to NGC and condensate to Petrotrin.

1993 The Petroleum Company of Trinidad and Tobago (Petrotrin) is registered on January 21, 1993, with an authorized share capital of TT$1,500 million. Petrotrin is the one entity formed as a result of the merger of the state-owned oil companies – Trintoc and Trintopec.

1993 British Gasoline signed a revised manufacturing sharing contract with the federal government of the Republic of Trinidad and Tobago on September 09, 1993.

1993 Enron and British/Texaco lease marine fields Keskidee and Dolphin respectively.

1995 LNG Consortium kinds Atlantic LNG.

1996 Begin of building of Atlantic LNG facility at Point Fortin.

1996 Authorities opens 3rd spherical of aggressive bidding for 13 offshore leases for deep water manufacturing sharing contracts between itself and international corporations

1996 Trinidad Exploration and Improvement Company Restricted (TED) signed an exploration and production licence with the government of the Republic of Trinidad and Tobago in February 1996

1996 Broken Hill Proprietary (BHP) signed a production sharing contract and began operations in Trinidad and Tobago in April 1996.

1996 Talisman (Trinidad) Holdings Limited signed a manufacturing sharing contract with the government of the Republic of Trinidad and Tobago in April 1996.

1996 ELF Exploration Trinidad B.V. signed a manufacturing sharing contract with the federal government of the Republic of Trinidad and Tobago in November, 1996.

1997 Repsol Exploration signed a production sharing contract with the federal government of the Republic of Trinidad and Tobago in January 1997.

1997 AGIP Trinidad and Tobago Limited signed a manufacturing sharing contract with the government of the Republic of Trinidad and Tobago in March 1997.

1997 Deminex Trinidad Petroleum GmbH signed a manufacturing sharing contract with the federal government of the Republic of Trinidad and Tobago in March 1997.

1997 Farmland MissChem Restricted commenced operations within the Republic of Trinidad and Tobago.

1997 Messer Trinidad and Tobago Limited entered into a joint enterprise with Neal and Massy and was integrated in 1997. Catalytic Reforming Equipment It operates three industrial gasoline plants in point Lisas.

1997 PCS Nitrogen Trinidad Restricted acquired Arcadian’s operations.

1998 Petrotrin’s Pointe-a-Pierre Refinery Improve , a US$355 million venture is accomplished and commissioned.

1998 EXXONMOBIL Exploration & Manufacturing Trinidad Limited signed a manufacturing sharing contract with the Republic of Trinidad and Tobago in February 1998.

1998 Trinidad Shell Exploration and Manufacturing B. V. signed a manufacturing sharing contract with the federal government of the Republic of Trinidad and Tobago in February 1998.

1998 New Horizon commenced operations in September 1998.

1999 Enterprise Production (Trinidad) Restricted entered into a joint enterprise with Petrotrin on October 1999.

1999 Atlantic LNG starts production with Train I.

2000 Agreement reached for expansion of Atlantic LNG trains 2 and three.

2001 BHP Billiton announces that wells Canteen1 and Kairi 1 encountered vital oil and gasoline cloumns in previously untested un discovere Oligocene sands.

2001 Titan Methanol Company first production was in April 2001.

2001 Caribbean Nitrogen Company commenced operations.

2002 Vermillion entered right into a joint venture with Petrotrin in August 2002.

2002 First business gas produced from British Gas North Coast Marine acreage.

2002 Trinidad’s ninth ammonia plant comes on stream.

2002 Phoenix Park Fuel Processors signs a train 2 and train three natural fuel liquids agreement with Atlantic LNG.

2002 Atlantic LNG prepare 2 first commercial shipment September 2002.

2002 bpTT begins installation of the worl’d second largest pure gasoline processing/manufacturing

platform in Kapok Discipline.

2002 Manufacturing of pure fuel begins from Hibiscus subject on the North Coast.

2002 BHP Billiton declares commerciality of the Higher Angoustra Structure, reserves estimated at 1 billion barrels oil & 1 tcf gasoline.

2002 BG / Texaco pronounces Dorado 1 gas discovery in block 5a.

2002 bptt declares that Iron Horse 1s1t has discovered 1tcf pure gasoline.

2002 TED spuds first exploration nicely on south-west penninsula lease.

2002 Block U-b awarded to Primera and EOG.

2002 Vintage Petroleum announces gasoline and condensate discovery at Carapal Ridge 1, onshore

Trinidad, 1st since Navette in 1957.

2002 Block 3A awarded to the consortium of BHP Billiton (operator) , TFE, BG & Talisman.

2002 Japanese Block awarded to Talisman (joint venture).

2002 EOG introduced business gas discovery with Parula 1 in within the SECC block.

2002 EOG awarded Reverse L block.

2002 MOE begins aquisition of Ultra deep water 2D seismic survey.

2002 Enterprise Petroleum began exploration and improvement drilling on the purpose Ligoure Joint Enterprise.

2002 Commercial production began from Osprey Area (EOG)

2002 Exxon-Mobil drilled 2 wells in blocks 25(b) and 26, bptt in Block 27 (deep water).

2002 bptt announced Crimson Mango 2st1 as a fuel/condensate discovery.

2003 BPTT commissions the world’s largest offshore gas processing facility, Cassia B, capable of producing 2 billion cubic toes of fuel a day.

2003 BPTT installs Bombax, BP’s largest diameter marine pipeline worldwide (48 and certainly one of the most important in the world.

2003 Cross border talks with Venezuela- signing an MOU and Letter of Intent.

2003 Offshore aggressive bid rounds held for 9 shallow water shelf and deep water blocks

2003 A Draft of the Quarry Policy Green Paper was ready.

2004 Stimulation of manufacturing of onshore acreages via 1. PETROTRIN surrendering particular person “Deeds of Surrender and being re-awarded “Core Areas licences incorporating new terms and situations. 2. Establishing a consortium of companies for the Southern Basin onshore exploration project.

2004 Two new petrochemicals plant established: Atlas Methanol and the N2000

2004 Formulation and implementation of a “Local content policy

2005 ALNG Practice four was accomplished ahead of schedule in December 2005

2005 Start of development of the 56 Cross Island Pipeline (largest within the Western Hemisphere) from Beachfield to Pt. Fortin.

2005 Building of 4 offshore platforms at LABIDCO: Oilbird, Cannonball, Cashima and Mango.

2005 the 005/6 Aggressive Bid Round began which offered 8 onshore and 8 deepwater blocks.

2006 The Petroleum Fiscal Review was carried out which made amendments to main pieces of laws including: Supplemental petroleum Tax. A brand new model PSC emerged from this overview.

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