Trinidad Awards Seven Ultra-Deep Blocks to ExxonMobil

ExxonMobil and the government of Trinidad and Tobago have agreed terms under which the Caribbean nation will award seven ultra-deep exploration blocks to the U.S. supermajor, senior government officials familiar with the talks told Reuters on Tuesday.  The blocks are located east off Trinidad and Tobago and northwest of Guyana’s Stabroek offshore block, where Exxon is leading a consortium that has already found 11 billion barrels of oil equivalents, produces more than 660,000 barrels per day (bpd), and is exploring for more resources. …