Project Profile
Value: US$500 Million
Startup Year: 1970
On Stream: 2002
Water Depth: 158 m / 521 ft
Production: 11.2mboe/d net
Location: Offshore Trinidad & Tobago
NCMA-1 is located 60km north of Trinidad and contains six gas fields. They were discovered in the late 1970s and early 1980s, and were brought on stream in 2002. Centrica Energy has a 17.3% interest in NCMA-1. The NCMA fields have been developed through two platforms, and a 107km pipeline runs from the fields to Atlantic LNG at Point Fortin. Gas produced from NCMA-1 has been contracted to a third party on a long-term basis until 2023, achieving international gas prices with any additional benefits from diversion being shared between the partners.
Operators:
Centica (BG Group): Operator with 28.75% interest
Shell: 17.13 % interest
(Shell took Centrica\'s interest in this project. The transaction is subject to government and partner approval and is expected to close in the first half of 2017.)
Petroleum Company of Trinidad and Tobago Limited (Petrotrin): 19.50% interest
Eni: 17.31% interest
PetroCanada: 17.31% interest.