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BHP to drill first deepwater well off Trinidad in 2016, energy minister says

2/02/2015 by Sharon Shahzad

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BHP Billiton and its partner BP PLC will drill their first well in Trinidad and Tobago’s deep water in 2016 according to the Caribbean twin-island nation’s Energy Minister Kevin Ramnarine.

Speaking recently at the Energy Chamber’s annual conference, Ramnarine said the collapse of oil prices have not affected the companies’ decision to go into the deep water off the Caribbean island which has never been explored.

He said the decision to proceed with the exploration followed the acquisition of significant amounts of seismic data to be processed this year.

Ramnarine said, “This is a seismic program over 20,199 sq km, or almost four times the size of Trinidad and Tobago.”

BHP Billiton and its partners have committed to drilling 20 wells in Trinidad and Tobago’s deep water on the 9 blocks for which they serve as operator.

Trinidad and Tobago has produced more than 1 billion bbl of oil, all of which has come from land or the continental shelf. BHP and its partners will face some challenges drilling in the deep water, as the sea floor off the island typically has mud volcanoes and seeps. Seeps are common on the seafloor and are fluid migration pathways that increase the risk of shallow-water flows in deepwater operations. There also is the possibility of gas hydrates in the shallow sediments.

This article has been extracted from http://www.ogj.com, please click on this link to read the article in full http://www.ogj.com/articles/2015/01/bhp-to-drill-first-deepwater-well-off-trinidad-in-2016-energy-minister-says.html

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