Countdown To First Oil From Ruby Development Project

Trinidad and Tobago can expect to see a healthy boost in its supply of both crude oil and natural gas as the Ruby Development Project begins production ahead of schedule. Operator BHP advised that it is expected to announce first oil from the development in early May, and first gas is expected to occur shortly after. On completion of all development activities later this year, the Ruby Field is expected to produce up to 16,000 gross barrels of oil per day and 80 million gross standard cubic feet of natural gas per day. In July 2020, NGC and BHP signed a Gas Sales Contract for the sale of 100% of the gas produced from the Ruby Field. NGC, as a joint venture partner, is also entitled to a share of the field's oil production. NGC President Mark Loquan said the company looks forward to more positive news from the field and expects associated gas production which would contribute to further stability in supply.