The companies submitted bids for the Modified UC block, which is located close to the Teak, Sammaan, Poui producing fields. Trinidad and Tobago has received bids from energy majors BP, Shell, and EOG Resources on four blocks for oil and gas exploration as part of 2023 shallow water auction, reported Reuters. Trinidad and Tobago Energy Minister Stuart Young was cited by the news agency as saying that the government plans to announce the winners in four months time.
All three companies submitted bids for the Modified UC block, which is located close to the Teak, Sammaan, Poui producing fields. However, the auction received bids from no other bidders. The government offered 13 blocks in the auction in October 2023, but only four attracted bids, all from companies already present in the country.