Cypre is a conventional gas development located in shallow water in Trinidad and Tobago and is operated by BP Trinidad and Tobago. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Cypre was discovered in 2017, lies in block East Mayaro, with water depth of around 274 feet. Buy the profile here.
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The project is currently in construction stage and is expected to start commercial production in 2025. Final investment decision (FID) of the project was approved in 2022. The development cost is expected to be $854 m. The Cypre conventional gas development will involve the drilling of approximately seven wells and includes subsea tree.
Field participation details
The field is owned by BP and Repsol.
Production from Cypre
Production from the Cypre conventional gas development project is expected to begin in 2025 and is forecast to peak in 2026, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2066.
Contractors involved in the Cypre conventional gas field
Some of the key contractors involved in the Cypre project as follows.
Design/FEED Engineering: Aker Solutions
Main EPC: Schlumberger and Subsea 7
Other Contractors: Schlumberger, Subsea 7 and Aquaterra Energy
About BP Trinidad and Tobago
BP Trinidad and Tobago LLC is engaged in oil and gas exploration and production. The company caters to the markets in Lake Charles, Cove Point, and Everett and the Dominican Republic. BP Trinidad & Tobago is based in Port of Spain, Trinidad & Tobago
For more details on the Cypre Conventional Gas Field, buy the profile here.
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This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
