TY  - DATA
AU  - De Silva,J.Marcelle
AU  - Jagai,T.
AU  - Jagai,T.
ED  - Latin American and Caribbean Petroleum Engineering Conference (7th : 2001 mar. 25-28 : Buenos Aires, Argentina)
ED  - Latin American and Caribbean Petroleum Engineering Conference (7th : 2001 mar. 25-28 : Buenos Aires, Argentina)
TI  - Monetizing Gas Reserves: Trinidad and Tobago's Approach: SPE 69524
PY  - 2001///
CY  - Dallas, Texas
PB  - Society of Petroleum Engineers
N2  - The petroleum sector of the Republic of Trinidad and Tobago has made substantial contribution to its economy over the last 90 years. The major contribution during the period 1908 to 1995, came from oil production. Starting in 1996, there were major developments in the gas sector to the extent that revenues from gas production in 2000, exceed that from oil production. This paper reviews the natural gas industry and summarises the factors that contributed to the successful monetization of stranded gas reserves. The Government of the Republic of Trinidad and Tobago (GORTT) have undertaken many initiatives that have promoted upstream exploration and production activities both onshore and offshore. As a result, a number of investors were encouraged to explore for and develop gas reserves resulting in the proved gas reserves increasing to 22 Tcf in 2000. Policies were also adopted which facilitated the development of a range of petrochemical and other gas based industries. These encouraged investments in the methanol, fertilizer, iron and steel industries. More significantly, Train 1 of a liquefied natural gas plant was commissioned in 1999, and the first shipment was exported in April 1999. This plant is being expanded, with the construction of Trains 2 and 3 presently in progress. Consideration is being given to Trains 4 and 5. The coming onstream of Trains 2 and 3, together with an additional ammonia plant and a methanol plant, will reduce the reserves to production ratio from 37 years at January 2000 to 21 years by December 2003, until more reserves are proved. Future potential projects aimed at sustaining the development in this sector have also been identified. In this regard, additional deep-water acreage will be placed up for bids, and discussions are ongoing for the establishment of an aluminium smelter plant, additional fertilizer plants, an ethylene project and a gas to liquids project
UR  - https://biblioteca.iapg.org.ar/ArchivosAdjuntos/LACPEC2001/Spe69524.pdf
ER  -