Guardian ( Trinidad and Tobago )
27 May 2023 ( Page 15 )
Young discusses Calypso with Woodside Energy
Energy Minister Stuart Young met with top
executives of Woodside Energy T&T yesterday to
discuss the company’s deepwater hydrocarbon
Calypso Project.
In a news release, the Ministry of Energy said the
discussions surrounded the work being done, and the
progress that has been made, on the deepwater
hydrocarbon Calypso Project.
“The Ministry of Energy and Energy Industries, NGC
and Woodside Energy are engaged in discussions and
active negotiations with respect to the development
of these deepwater resources. We also discussed
Woodside’s shallow water resources.
We concluded our discussions by reiterating our
commitment to continue working together,” said the
news release from the Ministry of Energy.
The Calypso Project is a deepwater natural gas
resource located north-east of Tobago.
In an interview during the T&T Energy Conference
2023, which was held in January, Juan Vazquez, the
T&T country manager of Australian oil and gas
company, Woodside Energy, said the Calypso field
was then being appraised. But he estimated the
deepwater field contained an estimated six trillion
cubic feet (tcf ) with potential gas production of 600
million cubic feet per day (mmcf ) to 1,000 mmcf per
day.
“We have high hopes for Calypso and Woodside’s
focus is developing Calypso and finding ways to
commercialise it. Deepwater always has its particular
characteristics that define how you will develop it,”
Vazquez emphasised.
In January, he said because Calypso is still in the
early stage of assessment, the cost of the overall
potential project is still being calculated.
“The main cost-drivers are the wells and the
offshore facilities, like all deepwater projects, so
those are the two main drivers.”
In April 2023, 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.
Attending the meeting from Woodside Energy team
were Shiva McMahon, executive vice president,
international operations, Juan Vazquez, president
and country manager Woodside Energy T&T, Stacy
Patrick, project director and Carla Noel-Mendez,
corporate affairs manager.
Acting permanent secretary of the Ministry of Energy
and Energy Industries, Sandra Fraser was also in the
meeting with Woodside Energy.
PICTURE MINISTRY OF ENERGY AND ENERGY
INDUSTRIES-
Energy Minister Stuart Young, centre, meets with
officials of Woodside Energy at his office in the
Waterfront Complex in Port-of-Spain yesterday.