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BP Trinidad and Tobago LLC

Company Detail

Description

BP Trinidad and Tobago (bpTT), a subsidiary of British oil company BP, focuses primarily on exploration, production, transportation, refining, storage, distribution and sale of crude oil, natural gas, and derivatives, also developing a social labor in the region. BPTT has 13 offshore production platforms and currently accounts for about 60% of the national production of oil and gas and holds exploration and production licenses covering 904,000 acres. Around 65% of its natural gas production is exported as LNG. Its businesses also include electric power, renewables, and biofuels. Other areas of interest include education, arts and culture, on which bpTT invests through different interventions at universities and by working with social organizations such as the virtual campus Mayaro Resource Centre. Based in Port of Spain, bpTT has been operating in the country since 1961 through its heritage companies Amoco Trinidad Oil Company and BP Amoco. Since 2015 the company has been working on his 14th offshore production facility, project Juniper, which consists of five subsea trees in water-depth of about 360 feet with several sensors and valves to supervise the flow of hydrocarbons. It is expected to effectively produce gas in 2017.

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