BP Trinidad and Tobago LLC (“bpTT”) and Atlantic LNG (“Atlantic”) announced the successful sanction of the Trinidad Onshore Compression (TROC) project.

After finalization of key project agreements between the Atlantic shareholders, the National Gas Company of Trinidad and Tobago and other directly impacted upstream stakeholders, the TROC Project received final approval on July 26, 2016.

The project is 100% funded and owned by bpTT and will be operated by Atlantic. It is designed to increase production from low-pressure wells in bpTT’s existing acreage in the Columbus Basin using an additional inlet compressor at the Point Fortin Atlantic LNG plant. Additional upgrades will be made to bpTT’s upstream facilities, as well as those of third parties to accommodate operations of the compressor.

The majority of the construction work will be handled by Atlantic with BP and other shareholder representation. The mechanical completion and commissioning of the TROC compressor at Atlantic will take place over the next few months and start-up is planned for early 2017. When it comes on stream, the TROC project has the potential to deliver approximately 200 million standard cubic feet of gas per day in 2017.

BP Trinidad and Tobago Regional President Norman Christie commented: “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 & Tobago. The investment by bpTT has been significant and will result in increased gas accessibility from our offshore fields to help alleviate the current gas supply shortfalls. We are pleased that the project is progressing and look forward to the start-up of the compressor in early 2017.”

About BP Trinidad and Tobago

BP Trinidad and Tobago operates in 904,000 acres off Trinidad’s east coast. BP Trinidad and Tobago has 13 offshore platforms and two onshore processing facilities.

About BP

BP (NYSE:BP) is one of the world's largest oil and gas companies, serving millions of customers every day in more than 80 countries, and employing nearly 85,000 people. BP's business segments are oil and gas exploration & production, and refining & marketing. In alternative energies, BP has low- and no-carbon wind and biofuels businesses. Through these activities, BP provides fuel for transportation; energy for heat and light; services for motorists; and petrochemicals products for plastics, textiles and food packaging. It has strong positions in many of the world's hydrocarbons basins and strong market positions in key economies.