Determined not to relinquish its credentials as the powerhouse of the regional energy industry, Trinidad and Tobago has been redoubling its efforts to attract foreign investors to its energy industry, aware as it is that, in recent years, international interest in the region’s oil and gas sector has shifted decidedly to Guyana, where ExxonMobil remains anchored to the portents promised by what, even now, are believed to be some of the largest off-shore deposits of oil anywhere in the world.
Earlier this week, Port of Spain, through the country’s Ministry of Energy, made the disclosure that it had received sixteen bids from companies seeking to explore and develop oil and natural gas possibilities at eight onshore blocks in the country’s most recent bidding round. In recent years, Trinidad and Tobago’s Ministry of Energy has demonstrated a particular keenness to attract foreign investors to its energy sector, a pursuit that has coincided roughly with the emergence of Guyana’s oil and gas industry, largely through the protracted and costly oil hunt led by the United States super major, ExxonMobil.
