(offshore-energy.biz) With the need to ensure energy independence in mind, the government of Trinidad and Tobago has initiated its new bidding round to boost hydrocarbon exploration and production in this Caribbean twin-island country located off the northern edge of the South American mainland.
Given the myriad of challenges the world is facing today – from energy security issues and climate change to population growth and geopolitical woes – the era of oil and gas dominance on the global energy market’s scene seems to be far from winding down, especially in certain regions.
Stuart Young, Trinidad and Tobago’s Energy Minister, has underscored that the government is moving forward with its ‘Deep Water Competitive Bidding Round 2025’ to optimize the utilization of hydrocarbon resources by securing investments in the upstream sector.
Young has also disclosed that the country is “receptive” to out-of-bid round proposals to ensure a further boost for the upstream sector, as the deepwater arena holds the “greatest promise” for major oil and gas discoveries in his book.
Read full article: https://www.offshore-energy.biz/26-offshore-blocks-up-for-grabs-in-trinidad-and-tobagos-2025-deepwater-oil-gas-bid-round/
Brazil Energy Insight 
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