Trinidad Briefs: Nabarima Stable, Budget Prices

(Energy Analytics Institute, 23.Oct.2020) — Energy briefs from Trinidad and Tobago related to an update on the status of the FSO Nabarima offshore Venezuela in the Gulf of Paria and commodity prices used in the 2021 budget.

FSO Nabarima Stable, Not An Environmental Threat

The FSO Nabarima located offshore Venezuela in the Gulf of Paria is said not to be at threat of sinking, according to a team of experts from Trinidad and Tobago that visited the vessel on 20 October 2020.

“All-in-all, the maintenance of the vessel met the satisfaction of the team,” Trinidad’s energy minister Franklin Khan announced 23 October in a press briefing. “No tilt was recognized, and the vessel was totally horizontal,” Khan said.

RELATED STORY: Nabarima Storage Vessels Closer To Sinking Offshore Venezuela

Heard On The Street: Budget Commodity Prices

Trinidad and Tobago’s budget for 2021 is based on a crude oil price of $45/bbl and a natural gas price of $3/MMbtu.

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By Ian Silverman. © Energy Analytics Institute (EAI). All Rights Reserved.