Home' Trinidad and Tobago Guardian : January 7th 2016 Contents JANUARY 7 • 2016 www.guardian.co.tt BUSINESS GUARDIAN
ENERGY | BG9
T&T s second largest natural
maintenance work as the rea-
son for the large fall in pro-
duction three months last
In a response to questions from the Business
Guardian, BGTT noted that over the years,
the company tried to co-ordinate its main-
tenance work with both the Government and
the downstream sector in order to minimise
disruption caused by the curtailment of natural
The company s response:
"Recent challenges to the energy sector
have been well articulated. Efforts to optimise
market supply and demand are ongoing
through a collaborative effort between industry
and the Ministry of Energy and Energy Indus-
"For example, since 2012, industry has been
working to co-ordinate our planned mainte-
nance programmes, which are critical for the
safety of workers and the operational reliability
of platforms, to ensure that impact on national
production is minimised. BGTT s planned
maintenance activities occurred in April, July
and October 2015."
The company was asked the following ques-
1. What is BGTT s daily natural gas pro-
2. Is BGTT producing enough gas to meet
all its contractual obligations in T&T?
3. According to figures on the Ministry of
Energy s Web site, BGTT s daily natural gas
production has significantly fallen from January
to October. Can this be confirmed?
4. What has caused the fall in production
and what, if anything, is BGTT doing to fix
5. To what extent has the gas curtailment
hurt the company s ability to export gas as
part of its shareholding in Atlantic LNG?
Up until presstime, the company did not
respond to these direct enquiries.
According to statistics from the Ministry
of Energy and Energy Industries, BGTT s nat-
ural gas production fell to 674 million standard
cubic feet per day in October 2015 down from
925mmscf/d. On average, the company s pro-
duction up to October 2015 was down by just
over 50 mmscf/d to 880 mmscf/d from
A closer look at its production from 2009
and 2010---before the natural gas shortage---
BGTT s average natural gas production fell
from just over one billion standard cubic feet
per day to an average of 880 mmscf/d, as of
Atlantic LNG has had to deal with the brunt
of this natural gas shortfall with production
in the three months of April, July and October
2015 falling to 1.8674 billion cubic feet per
day (bcf/d), 1.820 bcf/d and 1.611 bcf/d, respec-
In 2014, LNG production averaged 2.180
bcf/d and 2.276 bcf/d in 2009.
Asked if they were maintaining the LNG
contracts, this following was the response:
"T&T is one of the key supply sources for
BG Group s global LNG portfolio and our LNG
deliveries are managed in accordance with
our local and global contracts."
This country s natural gas production has
consistently declined since 2010 and its proven
reserves have fallen steadily for the last decade.
The most recent Ryder Scott report showed
that T&T s proved natural gas reserves fell
six per cent to 11.5 tcf at year end 2014, com-
pared with 12.2 tcf at year end 2013.
Ryder Scott s survey showed that there was
a slight decrease in probable reserves to 5.47
tcf in 2014 from 5.53 tcf in 2013. Possible
reserves were also down, falling to 5.7 tcf at
year end 2014 as compared to 6.1 tcf at year
When combined, the country s 3P reserves
are 22.7 tcf as of year end 2014 compared
with 23.9 tcf at year end 2013.
The Ryder Scott s survey also revealed that
in the last 12 years, there has been a steady
decline in the country s proved reserves by
an average of nearly 1 tcf/year.
In 2002, proved reserves were 20.8 tcf,
probable were 8.3 tcf, and possible were 6.1
tcf for a total 3P of 35.1 tcf.
While Ryder Scott found that 3P reserves
continue to fall, the nation s exploration poten-
tial jumped by nearly 4 tcf to 43.8 tcf as at
year end 2014. Sources say this is likely due
to the results from bpTT s Ocean Bottom
Cable survey, which has reportedly given the
company sharper images of the subsurface
and, therefore, made it very optimistic that
there is far more gas in the Columbus basin
than previously thought.
The 2014 exploration potential is also 14
tcf more than it was in 2002.
BGTT's production falls
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