Fourteen Firms Line Up for Trinidad's 2005/06 Bid Round


New 8 Offshore Blocks
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Fourteen companies have paid the pre-bid application fee to Trinidad & Tobago's ministry of energy and energy industries (MEEI) for the 2005/06 bid round of onshore/nearshore blocks and shallow marine blocks, a ministry spokesperson told BNamericas in an email.

The fee entitles the buyer to the relevant data package, which contains 2D seismic lines and well data on the respective blocks.

The tender, which was launched in January, is for eight blocks in the Combined Southern basin land acreage, South Coast Marine Area and three blocks in the Shallow Marine Acreage off the north and east coasts of Trinidad.

Companies must pay US$150,000 to bid on any or all of the combined onshore/nearshore blocks and US$50,000 each for the three shallow marine blocks.

The US oil companies that paid the fee include Amerada Hess (NYSE:AHC), Apache (NYSE: APA), EOG Resources (NYSE: EOG) and Kerr-McGee's (NYSE: KMG) Trinidadian subsidiary Kerr-McGee TT Offshore Petroleum.

Canadian oil companies include Talisman Energy (NYSE: TLM), PetroCanada (NYSE:PCZ), Husky Energy International (TSX: HSE) and Canadian Voyager.

Other companies that purchased bidding rules were Spanish oil major Repsol YPF (NYSE: REP), Brazil's federal energy company Petrobras' (NYSE: PBR) Venezuelan subsidiary Petrobras Energia Venezuela, Japanese oil company Nippon Oil, Italian oil company Eni (NYSE: E), Malaysian oil company Petronas and local company Ten Degrees North Energy Limited.

MEEI recently extended the deadline to receive bids in its 2005-2006 round to May 30 from the previous March 30 deadline because the tender began later than expected and companies did not have sufficient time to analyze the data, according to a previous BNamericas report.

The eight onshore/nearshore blocks include shallow and deep horizon areas in each of the Guayaguayare, Southwest Peninsula, Herrera and Central Range blocks.

The shallow marine blocks are 2(ab), comprising an area of 1,605 sq km, NCMA 2 and NCMA 3, both covering an area of 1,019 sq km. The three blocks have water depths ranging from 25-130 meters.

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