Oil giant BP was yesterday awarded two deep-water exploration blocks off the east coast of Trinidad and Tobago, bringing its total global licence wins in the past 12 months to 31.
The latest award came ahead of today’s second-quarter results, which are expected to show that BP has made an underlying profit of about $5.9 billion (£3.6bn).
BP has been operating from the Caribbean islands since the 1960s, with 12 per cent of its global oil and gas production coming from Trinidad. The firm accounts for more than half of Trinidad’s natural gas output.
