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Trinidad and Tobago pins hopes on deep waters

After years of frustration, new fiscal incentives and the latest licensing rounds has sparked fresh interest in deep-water exploration

In June this year, executives from Australia’s BHP Billiton gathered with officials from the Trinidad and Tobago government in the capital Port of Spain to sign a series of deep-water exploration deals that will see the company spend around $1 billion in the Caribbean country over the next few years. For Trinidad and Tobago, the event marked a high point after nearly a decade spent struggling to lure international companies into its deep waters, and energy minister Kevin Ramnarine hopes it is the start of a new deep-water drilling boom. The country will launch another deep-water bid round this year, putting six blocks up for auction sometime in the second half of the year in a bid to build o

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