{"title":"20 Years of Independent Oil and Gas Audits: The Trinidad and Tobago Story","authors":"C. Welsh","doi":"10.2118/200985-ms","DOIUrl":null,"url":null,"abstract":"\n Over the 20 year period from 2001 to 2020, the Ministry of Energy and Energy Industries (MEEI) of Trinidad and Tobago commissioned 19 gas and 3 oil audits conducted by independent consultants. Trinidad and Tobago's natural gas Technically Recoverable Resources (TRR) moved from a P1+C1 TRR to Production Ratio of greater than 30 in 2001 to less than 10 years as production has grown from a low of 1.5 Bcf/d to a high of 4.3 Bcf/d. Despite this, the opening of a new exploration basin in the Deepwater has resulted in greater than 100% technically recoverable resource replacement in the last three years for natural gas and a 770% increase in Prospective Resources for crude oil. The data from these successful audits have served to demonstrate the astute management by the Government and People of Trinidad and Tobago of the country's hydrocarbon resources.","PeriodicalId":11142,"journal":{"name":"Day 3 Wed, June 30, 2021","volume":"9 1","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2021-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Day 3 Wed, June 30, 2021","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2118/200985-ms","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
Over the 20 year period from 2001 to 2020, the Ministry of Energy and Energy Industries (MEEI) of Trinidad and Tobago commissioned 19 gas and 3 oil audits conducted by independent consultants. Trinidad and Tobago's natural gas Technically Recoverable Resources (TRR) moved from a P1+C1 TRR to Production Ratio of greater than 30 in 2001 to less than 10 years as production has grown from a low of 1.5 Bcf/d to a high of 4.3 Bcf/d. Despite this, the opening of a new exploration basin in the Deepwater has resulted in greater than 100% technically recoverable resource replacement in the last three years for natural gas and a 770% increase in Prospective Resources for crude oil. The data from these successful audits have served to demonstrate the astute management by the Government and People of Trinidad and Tobago of the country's hydrocarbon resources.
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