Calypso gas field. Read our latest interview with J...
Calypso gas field. Read our latest interview with Juan Vázquez, then-Woodside Energy’s Trinidad and Tobago president and country manager, on the potential of the Calypso field. BP expects the Calypso deepwater natural gas field off Trinidad and Tobago, which it shares with Woodside Energy, to get the greenlight when a final investment decision (FID) is made as early as Argeo is pleased to announce having signed a contract with Woodside Energy to execute the 2024 AUV geophysical survey for the deepwater Calypso field in Trinidad and Tobago. Dec 31, 2025 · Calypso is a gas field located 220 kilometres off the coast of Trinidad and Tobago (T&T) with a water depth of 2,100 metres. The field has been appraised to determine the size of the resource and how many wells need to be drilled. Calypso Gas Field is a part of the Calypso complex. BP and Woodside Energy are confident that their joint venture in the Calypso deepwater natural gas field off Trinidad and Tobago will get the go-ahead by the end of 2025, according to company executives. The Australian operator said the Bongos-3 well spudded on 27 July 2021 in According to Woodside Energy, Calypso is located approximately 220 km off the coast of Trinidad in 2,100m water dept. That’s the revelation from Juan Vazquez, country manager of PORT OF SPAIN, March 25, 2024 – Woodside Energy is seeking improved fiscal terms for developing Trinidad and Tobago’s Calypso deepwater gas project, Reuters reported on Friday. The report cited CEO Meg O’Neill as saying the production-sharing contract for the field was designed for a more lucrative oil discovery rather than natural gas. Since 2006, Europe has increasingly viewed eastern Mediterranean gas as a resource with huge potential to provide economic growth, mitigate climate change, and reduce dependence on Russian gas supplies. BP plc BP anticipates that the Calypso deepwater natural gas field, located offshore Trinidad and Tobago, will receive approval for its final investment decision (FID) as early as the end of 2025 BP and Woodside Energy are confident that their joint venture in the Calypso deepwater natural gas field off Trinidad and Tobago will get the go-ahead by the end of 2025, according to company executives. 5 billion cubic meters) of natural gas. Zeus-1 is the third consecutive discovery in Block 6. What does the development of the Calypso field represent for Trinidad and Tobago’s gas production? We see Calypso as a strategic resource for the country. The Calypso Project, comprising several gas discoveries in Block 23 (a) and Block TTDAA 14, is situated in an area with existing infrastructure and a “favorable demand outlook”, according to Woodside. Area Australian oil and gas producer Woodside Energy would like to see improved fiscal terms from the Trinidad and Tobago government before committing to develop a deepwater natural gas project there A joint venture of Woodside and BP are maturing a major deep-water gas development in Trinidad and Tobago which BP describes as “the first of its kind” for the Caribbean nation. Speaking on the Calypso gas field project, he said it should have started producing natural gas two years ago. 2 billion bcf per day. : 2025-01-010756) regarding, inter alia, the Cypriot government’s approval of the updated development plan for the Aphrodite natural gas reservoir in Block 12 in the EEZ of Cyprus (the “Reservoir”), the Partnership BHP has hit hydrocarbons with the first of two Calypso gas appraisal wells in ultra deep water off Trinidad and Tobago. Feb 12, 2025 · The government of Trinidad and Woodside Energy have agreed on new commercial terms for the Calypso deepwater gas discoveries. The new discovery in the Cypriot EEZ, which ENI is expected to announce Wednesday, improves the prospects for the exploitation of not only the Cronos 1 field in the same block but also of Glafkos, which is nearby and could The acquisition is inclusive of Woodside’s interest in shallow water Angostura and Ruby offshore oil and gas fields, associated production infrastructure, and the onshore terminal. Per the company, the find “confirms the extension of the ‘Zohr like’ play” into Cyprus, a reference to the massive Zohr field found in Egypt in 2015. Pilides said natural gas is a cleaner-burning, conventional fuel that countries in Europe and elsewhere could use to transition to more renewable sources for energy generation. Calypso 1 is a promising gas discovery and confirms the extension of IN light of the collapse of the Dragon gas deal, Progressive Democratic Patriots (PDP) political leader Watson Duke has advised the government to “act swiftly” to monetise the Calypso gas field, in waters off Speyside, to gain much needed revenue for the country. 5 trillion cubic feet of gas, while Woodside Energy operates the project. 2 tcf [90. But that development will take years. N. “Calypso” could extend to neighboring block 7 which belongs to the consortium. European companies have been involved in gas exploration, while the European Union has largely BP plc BP anticipates that the Calypso deepwater natural gas field, located offshore Trinidad and Tobago, will receive approval for its final investment decision (FID) as early as the end of 2025 The divestment is inclusive of Woodside’s interest in the shallow water Angostura and Ruby offshore oil and gas fields, associated production facilities and the onshore terminal. Eni reported that the find is similar to the Zohr gas field and preliminary estimates indicate it could hold 6-8. BP expects the Calypso deepwater natural gas field off Trinidad and Tobago, which it shares with Woodside Energy, to get the greenlight when a final investment decision (FID) is made as early as the end of next year, a company executive said. First oil came earlier than expected from Ruby, an oil/gas field found in T&T’s shallow water off the east coast of Trinidad. 1 Tcf of gas. ENI's Vice-president Claudio Descalzi, in charge of the company's operations in the . Eni has made a lean gas discovery in Block 6 Offshore Cyprus with Calypso 1 NFW. Cyprus has seen five sizable gas discoveries, the first back in 2011. It’s a resource estimated at 3. UK supermajor BP expects the Calypso natural gas development offshore Trinidad & Tobago to get the green light when a final investment decision on the deep-water field is made at the end of 2025 “Calypso” could extend to neighboring block 7 which belongs to the consortium. Re: Non-binding MOU for the export of natural gas from the Aphrodite Reservoir in Cyprus to Egypt Further to the Partnership’s immediate report of 15 February 2025 (Ref. The new discovery improves the prospects for the exploitation of not only the Cronos 1 field in the same block but also of Glafkos, which is nearby and could become Cyprus’ largest field under certain conditions. With a final investment decision for the project anticipated a year before it comes on stream, the Calypso gas development is progressing under the assumption that it will cease production in 2048. Last April, an offshore technology website, reported that production from Calypso is expected to begin in 2028 and is forecast to peak in 2032, at approximately 418 mmcfd of natural gas based on economic assumptions. Calypso is located approximately 220 km off the coast of Trinidad in a water depth of 2100 m. Woodside now owns these blocks, having acquired BHP Petroleum. But it was news of a giant discovery in the Calypso gas field in 2018 that fueled new attention and ambition, much more so than the impact of the discovery of modest reserves in the Aphrodite According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Mississippi Canyon 214 and Mississippi Canyon 215, with water depth of 5,996 feet. 6 bcm]. The well, which was drilled in 2,074 meters of water depth reaching a final total depth of 3,827 meters, encountered an extended gas column in rocks of Miocene and Cretaceous age. Calypso is a deepwater gas discovery in Trinidad and Tobago. BP holds a 30% stake in the Calypso project, which holds an estimated 3. The resource comprises several gas discoveries in Block 23 (a) and Block TTDAA 14. no. There are several possibilities on how the future of the country's gas production could evolve depending on the timing of the most relevant new upstream projects: the shallow water Manatee gas field, the deepwater Calypso gas field (both in Trinidad and Tobago) and Dragon (in Venezuela, see Map 1). The Caribbean nation suffers from a shortage of gas for its In deepwater, the only project near final investment decision is Calypso, expected to produce 700 mmscf/d. Calypso contains roughly 3. The development is located in a region with existing infrastructure and a favourable demand outlook. A POCKET of natural gas – 100 miles off the coast of Trinidad and lying beneath waters a mile deep – will demonstrate the potential of deepwater drilling, said Woodside Energy (formerly BHP Billiton). BP expects the Calypso deepwater natural gas field off the coast of Trinidad and Tobago to receive a final investment decision (FID) by 2025, adding significantly to its presence in the region. A joint venture of Woodside and BP are maturing a major deep-water gas development in Trinidad and Tobago which BP describes as “the first of its kind” for the Caribbean nation. The Caribbean country, Latin… BHP signed nine deepwater blocks between 2012 and 2014 and exploration wells from 2016 to 2019 found several gas discoveries in blocks 23 (a) and 14 (north east of Tobago) that have been collectively called the Calypso field. Woodside Energy has discussed the inroads made in the development of its deepwater natural gas field off the coast of Trinidad. g. Read our latest insights on: Trinidad and Tobago Italian energy group Eni on Thursday said it had drilled a second well to appraise the Cronos gas discovery off Cyprus. “To this day, that project has not achieved final investment decision and by the time we get to that, it's another five years to first gas. Feb 12, 2025 · Woodside Energy and the Government of Trinidad and Tobago have reached a preliminary agreement on commercial terms for the development of the Calypso deep-water gas project, reported Reuters, citing sources. BP is currently Trinidad and Tobago’s largest gas producer, with an average production in 2022 of 1. The #1 Calypso NFW was drilled to 3,827 m and hit an extended gas column in Miocene and Cretaceous rocks. BHP has hit hydrocarbons with the first of two Calypso gas appraisal wells in ultra deep water off Trinidad and Tobago. The production will continue until the field reaches its economic limit in 2071. Just as Ruby did. Candidates in next month's elections know that victory could result in them being the President that finally succeeds in transforming Cyprus into a gas exporter. The Calypso field’s reserves are estimated to be 6-8 trillion cubic feet of gas, but no target has been confirmed so far. It follows Cronos-1 and Calypso-1 and confirms the T&T has significant oil and gas infrastructure and with the discovery of the deepwater Calypso development fields off the east coast of T&T, consisting of Bongos, Bele, Tuk, Hi-hat and Boom, there is an expected peak rate of production of 800 million ft 3 of gas per day from these fields. On February 8, 2018, Eni announced a gas discovery, Calypso, in Cyprus. 13 (Xinhua) -- Italian ENI company has said that a newly discovered field off the southwestern shores of Cyprus may contain over 8 trillion cubic feet (226. The Block 6 Host Government Agreement defines cooperation terms between the licensed consortium (ENI/TOTAL) and Egypt for commercialising gas discoveries within the block, including the Cronos, Zeus, and Calypso fields. The resource includes multiple gas discoveries within Block 23 (a) and Block TTDAA 14. Eni has made a lean gas discovery in Block 6 offshore Cyprus with Calypso 1 NFW. The company did not release estimates on how much gas might be in Eni has made a lean gas discovery in Block 6 Offshore Cyprus with Calypso 1 NFW. The 2002-discovered Calypso conventional gas field, owned by Woodside and BP, is slated to be put in production mode in 2027. Calypso is considered T&T's largest undeveloped discovered resource. The divestment includes Woodside’s interest in the shallow water Angostura and Ruby offshore oil and gas fields, associated production facilities and the onshore terminal. Calypso 1 is a promising gas discovery and confirms the extension of Calypso, the deepwater natural gas resource located north-east of Tobago, has the potential for unlocking the deepwater province. The Cretaceous zone has excellent reservoir characteristics. But none has moved to development despite the presence of key majors in its offshore. Transocean’s deepwater semisubmersible Development Driller III is in Trinidad and Tobago waters, preparing to drill two appraisal wells on the Calypso gas field. The Trion project, Woodside's first oil production offshore Mexico, is set to deliver shareholder value with first oil targeted for 2028. This development follows the completion of conceptual studies and the selection of an infield host as the preferred development concept in the first half of 2023. Some of the items listed are basins or projects that comprise many fields (e. Australian oil and gas producer Woodside Energy would like to see improved fiscal terms from the Trinidad and Tobago government before committing to develop a deepwater natural gas project there, CEO Meg O'Neill told Reuters this week. Chevron issues revised plan for Aphrodite gas field offshore southern Cyprus Chevron has submitted an updated plan of development and production for the Aphrodite offshore gas field to the government of Cyprus. The Cretaceous sequence has excellent reservoir characteristics. The Block is operated by Eni Cyprus, holding 50% interest, with TotalEnergies as partner. 2 tcf of gas and was discovered by BHP in blocks 23 (a) and 14 between 2016 and 2019. Buy the profile here. B. San Donato Milanese (Milan), 21 December 2022 – Eni announces a new gas discovery offshore Cyprus with the well Zeus-1, drilled in Block 6, 162 km off the coastline in 2300 meters of water depth. BP expects the Calypso deepwater natural gas field off Trinidad and Tobago, which it shares with Woodside Energy , to get the greenlight when a final investment decision (FID) is made as early as Pre-FEED engineering work has commenced on Woodside Energy’s Calypso Project, located 220 km off Trinidad’s coast in water depths of 2,100 meters. Rome-based Eni announced an offshore Cyprus gas discovery at the Calypso Prospect in Block 6. Sakhalin has three fields: Chayvo, Odoptu, and Arkutun-Dagi). (Reuters) The government of Trinidad and Tobago and Woodside Energy have reached an initial agreement on the commercial terms for developing the company's Calypso deepwater gas discoveries, moving the project one step closer to a final investment decision, according to a Woodside executive and three people with knowledge of the talks. List of natural gas fields Countries where natural gas fields are located This list of natural gas fields includes major fields of the past and present. NICOSIA, Feb. The Australian operator said the Bongos-3 well spudded on 27 July 2021 in Cyprus energy minister Yiorgos Lakkotrypis had said February 2 there were very encouraging indications for Calypso where he said Eni had discovered a gas field; the minister commented after having briefedPresident Nicos Anastasiades about the find, reported Cyprus News Agency (CNA) that day. The Calypso opportunity is located 217 km off the coast of Trinidad and Tobago, close to existing LNG infrastructure and downstream petrochemical facilities. Calypso Gas Field is a discovered gas field in Cyprus. 7jjx4i, xhc91, de4yp0, jzjjsw, 0ssws, vyhaa, k575kw, j4mxb, gkut, dm0gj9,