The project approval follows finalization of key project agreements between the Atlantic shareholders and the National Gas Company of Trinidad and Tobago, as well as other upstream stakeholders.
Atlantic will operate TROC, which is completely funded and owned by bpTT.
bpTT regional president Norman Christie said: “The TROC project is another demonstration of bpTT’s long-term commitment to Trinidad and Tobago.
“It is also a clear example of bpTT, the government and many key players in the oil and gas industry cooperating to improve production and revenue for Trinidad and Tobago."
An additional inlet compressor at the Point Fortin Atlantic LNG plant will allow the project to increase production from low-pressure wells in the unit’s existing acreage within the Columbus basin.
In order to accommodate operations of the compressor, additional upgrades are planned to be made to bpTT’s upstream facilities and those of third parties.
Once operational, the project is expected to deliver approximately 200 million standard ft³ of gas per day next year.
Atlantic, along with BP and other shareholder representation, will take up the majority of the construction work related to the project.
The TROC compressor at Atlantic is planned to be completed and commissioned over the coming months. It will enter service in early next year.
