Publications

Survey of Energy Resources 2007

Crude Oil and Natural Gas Liquids Country Notes

Trinidad & Tobago

Proved recoverable reserves (crude oil and NGLs, million tonnes)	81
Production (crude oil and NGLs, million tonnes, 2005)	8.3
R/P ratio (years)	9.9
Year of first commercial production	1908

The petroleum industry of Trinidad has passed its centenary, several oil fields that are still in production having been discovered in the first decade of the 20th century. The remaining recoverable reserves are small in regional terms, at 615 million barrels, as reported by the Trinidad & Tobago WEC Member Committee. Whilst World Oil quotes an identical figure, BP shows 800 and Oil & Gas Journal has 990 for end-2005 but only 728 for end-2006.
The oil fields that have been discovered are mostly in the southern part of the island or in the corresponding offshore areas (in the Gulf of Paria to the west and off Galeota Point at the south-east tip of the island).

After ten years of moderate oscillation around a mean level of 112 000 b/d, output of crude oil rose sharply to 126 000 b/d in 2005; condensate output was also well up at 18 000 b/d. Production of gas-plant NGLs began in 1991 and averaged about 27 000 b/d in 2005. Over 40% of Trinidad's crude output is exported.