WITH BIDS in place for 11 out of 16 blocks in the completed onshore and nearshore auction, hopeful companies now have to wait about three months to find out whether they will now be successful. However, bid rounds are just the start of the process. Exploration, drilling and discovery, could take years. But despite concerns
SIXTEEN bids were made by oil companies to explore some of the 11 blocks onshore and nearshore on offer in south Trinidad, when tenders were open on Monday at the Ministry of Energy in Port of Spain.
THE Ministry of Energy and Energy Industries is currently monitoring the situation after a barge, the Liftboat Daniella, reportedly carrying some 900 barrels of diesel, capsized and sank to the sea floor in the Gulf of Paria.