Proman increases Trinidad and Tobago's natural gas supply to petrochemical plants
Published by Alex Hithersay,
Editorial Assistant
Hydrocarbon Engineering,
DeNovo Energy Ltd, a subsidiary of the Proman Group, has today announced the first commercial supply of gas from the Iguana Field in Block 1(a), which will deliver 80 million ft3/d of gas once fully operational.
DeNovo, which became the operator of the field in 2016, fast-tracked the project delivery, safely executing this development using 2.6 million man-hours, with over 73% local content, in just under 3 years.
The project was delivered in line with Proman's strategy for ensuring security of gas supply and sustainability in Trinidad and Tobago's Energy Industry. Proman invested US$250 million in DeNovo in 2015, as the first downstream group to invest in the upstream sector in Trinidad and Tobago.
A global leader in petrochemicals, Proman has been operating in Trinidad and Tobago since 1984 and owns and operates 14 petrochemical plants on the Point Lisas Industrial Estate in Trinidad, amounting to more than 50% of the installed petrochemical capacity.
The Iguana Field is DeNovo's first stranded gas field development.
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/22112018/proman-increases-trinidad-and-tobagos-natural-gas-supply-to-petrochemical-plants/
You might also like
EIG’s MidOcean Energy completes acquisition of 20% stake in Peru LNG
MidOcean Energy has announced the completion of its previously announced agreement to acquire SK earthon’s 20% interest in Peru LNG (PLNG), owner and operator of the first LNG export facility in South America.