bp, EOG Resources eye 2027 first gas for Coconut field offshore Trinidad and Tobago

(WO) – bp Trinidad and Tobago (bpTT) and EOG Resources Trinidad Limited have agreed to partner on the Coconut offshore natural gas development. Coconut will be a 50/50 joint venture with EOG as operator. The final investment decision has been taken by the joint venture partners and first gas is expected in 2027.

The Coconut field is located offshore Trinidad in the Columbus basin and was discovered in 2005 by bpTT in a water depth of 260 ft.

Coconut is the latest development being delivered through a joint venture between bpTT and EOG. Previous developments were:

• EMZ - 2011
• Sercan – 2016
• Banyan – 2017
• Mento – to be brought online 2025

bp's key operations in Trinidad involves approximately 680,000 acres off Trinidad’s east coast. bp Trinidad and Tobago operates 16 offshore platforms and two onshore processing facilities.

David Campbell, bpTT president said, “This partnership will allow us to accelerate production from the Coconut field, while giving us the space to progress our Ginger field development and other gas growth opportunities, at a faster pace. We are accelerating gas growth while remaining focused on returns to achieve a higher value Trinidad business - one with clear line of sight to material high margin growth over the next several years”