By
Curtis Williams
The
Trinidad Guardian
Port
Spain
Petroleumworld.com
03 19 06
A natural
gas discovery has been made off the east coast. The discovery
was made by EOG Resources in Block 4(a) and according to the
company it discovered 399 feet of net gas pay of gas.
In a report
to the United States Securities and Exchange Commission EOG
reported that during the fourth quarter 2005, EOG’s natural
gas deliveries to the two plants exceeded expected volumes.
EOG also
reported exploration success from its first well, the 4(a) E-1,
drilled on Block 4(a) offshore Trinidad, which encountered 399
feet of net gas pay from multiple sands. EOG has a 90 per cent
working interest in the block where it plans to immediately
drill a second well, the E-2, into an adjoining fault block.
The company
said it expected that it would prove between 200 and 400 billion
cubic feet of gas and expected to begin development by the middle
of this year.
The company
reported: “Based on the drilling results from the E-1,
we expect that together the E-1 and E-2 wells will prove up
200 to 400 net billion cubic feet of gas on Block 4(a). We intend
to commence development work by mid-2006 and are targeting mid-2009
for on-line production.”
Energy Minister
Dr Lenny Saith said while the discovery is relatively small
he continues to be encouraged that more gas will be found.
The Energy
Minister said: “The purpose for drilling is to find more
gas and I am confident that this will be the case.”
EOG Resources
also revealed that last year its daily production increased
by 25 per cent due to new contracts with Methanol Holdings and
Atlantic LNG.
EOG’s
total 2005 daily production increased 25 per cent over the previous
year.
During 2005,
EOG commenced natural gas production to supply two new long-term
contracts.
EOG is supplying
natural gas that is being used as feedstock for the M5000 Methanol
Plant, which began operation in September, and for Atlantic
LNG Train IV, which started taking gas in December prior to
plant commissioning.
