PM: T&T Attracting New Energy Investment
Following its return to the local energy sector in August 2025, ExxonMobil has fast-tracked a massive seismic programme.
The Prime Minister says the project is nearing its first major milestone, putting Trinidad and Tobago in better standing internationally.
« Seismic acquisition is now about 85% complete, with full acquisition expected by late July of this year. Following ExxonMobil’s entry into Block TTUD1, we have experienced significant international interest. »
That international interest has quickly paid off, bringing another global energy giant to the table, Occidental Petroleum, also known as Oxy.
« We are pleased to welcome another major American energy company into Trinidad and Tobago. The government, via the Minister of Energy and Energy Industries, has approved a farm-in to Block TTUD1 by Occidental Petroleum Corporation, Oxy, with a 10% participation in this. Mr. Speaker, that has only materialised, thanks to the Minister of Energy and the Minister of Energy, within the last couple of days that this has happened. »
