Trinidad prepared to reject BP, Shell offshore exploration bids -sources
Published on: Wednesday 28 December 2022
Trinidad and Tobago is preparing to reject four offshore exploration bids by BP Plc and Shell Plc, according to people familiar with the matter, because they failed to meet the government’s minimum requirements. The island nation's government plans to pursue talks with the two oil and gas companies on any willingness to improve the jointly submitted bids. Trinidad and Tobago’s deep-water bid round closed in early June with offers received only from a BP-Shell consortium on four of the 17 blocks.
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