Loran–Manatee gas field

The Loran–Manatee gas field natural gas field is located on the continental shelf of the Atlantic Ocean. It was discovered in 1983 and developed by PDVSA. It began production in 2013 and produces natural gas and condensates. The total proven reserves of the Loran–Manatee gas field are around 10.25 trillion cubic feet (293 km3), and production is slated to be around 750 million cubic feet/day (21,4×106m3) in 2018.[1]

Loran–Manatee
CountryVenezuela/Trinidad and Tobago
RegionAtlantic Ocean
Offshore/onshoreoffshore
OperatorPDVSA/Chevron Corporation
Field history
Discovery1983
Start of production2013
Production
Current production of gas21.4×10^6 m3/d
750×10^6 cu ft/d 7.62×10^9 m3/a (269×10^9 cu ft/a)
Estimated gas in place293×10^9 m3
10.25×10^12 cu ft

According to a 2013 agreement, Venezuela owns 73.75% of the joint field and Trinidad and Tobago own the remaining 26.25%.[2]

Trinidad and Tobago originally planned to develop the gas field in cooperation with the Venezuelan PDVSA, but in 2020 Prime Minister Keith Rowley announced that Trinidad and Tobago would develop the field independently, citing U.S. sanctions against Venezuelan companies.[2]

References

edit
  1. ^ "Why Trinidad & Tobago is optimistic about future gas supply". news.co.tt. 2014-03-16. Retrieved 2014-05-01.
  2. ^ a b Hutchinson-Jafar, Linda; Cohen, Luc; Eschenbacher, Stefanie (February 3, 2020). "Trinidad cancels gas deal over U.S. sanctions on state-run Venezuelan company". Reuters.