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BP to invest up to $8 billion in 9 new developments in Trinidad and Tobago

BP invest as much as $8 billion dollars in 9 new developments over the next 10 years.


Port of Spain, July 27 - Neftegaz.RU. The arrival of the Angelin, 15th offshore platform in T&T, is a part of BP´s development plan.

 

The key development for the company is the arrival of the Angelin platform and pre-installation checks will be conducted off the west coast in the coming weeks. 1st gas from Angelin is expected in the 1st quarter of 2019.

 

«We look forward to the safe start-up of Angelin in the coming months and this continues to build on our track record of project start-ups following TROC and Juniper in 2017,» said new BPTT president Claire Fitzpatrick

 

She noted that bringing the plans to fruition would require T&T to remain competitive within the company’s portfolio in order to achieve final investment decisions. Fitzpatrick said: «Our industry is in rapid change globally and to remain competitive and successful in this environment means that we must change and continue to evolve to keep our operations here attractive to further investment.»

 

Oil major BP’s new long-term plan for Trinidad and Tobago could potentially see the company invest as much as $8 billion dollars in 9 new developments over the next 10 years.

Source : Neftegaz.RU