The National Gas Company of T&T Ltd (NGC) and BHP Petroleum (Trinidad) have completed negotiations of a Gas Sales Agreement for the Ruby Field, and will be signing a contract today.
The ceremony will take place at 11 am today at the Ministry of Energy and Energy Industries Doddridge Alleyne Conference Room Level 26, Tower C International Waterfront Centre 1 Wrightson Road, Port-of-Spain.
Energy minister Franklin Khan will be the feature speaker.
The Ruby is located in Block 3(a), off the east coast of Trinidad, and is expected to be commissioned in the fourth quarter of 2021.
This is just one step that both NGC and BHP have taken to secure gas supply by continuing to invest in upstream gas development projects, the Energy Ministry stated yesterday.
BHP is the operator of the block, with NGC, through its subsidiary NGC E&P (Netherlands) BV as partners.
This project was sanctioned last August, “culminating from decisions taken after gathering and analysing data acquired during exploration and appraisal drilling, and state-of-the-art ocean bottom node seismic surveying,” the Energy ministry stated..
The Ruby project will comprise of five development wells and one platform producing from the Ruby and Delaware fields in Block 3(a). Production from this Block will tie-in to adjacent infrastructure in Block 2(c) resulting in synergies for both blocks. The Ruby project’s expected production is 15,000 barrels per day of crude oil along with 85 MMscfd of gas production.
“To put this into perspective, the latter is sufficient to supply a large-scale ammonia or methanol plant which would normally use between 40 to 100 MMscfd depending on the plant’s output,” the Energy ministry stated.