August 11, 2026
PORT OF SPAIN
The National Gas Company of Trinidad and Tobago Limited (NGC) has completed an historic and groundbreaking agreement to provide future energy security for Trinidad and Tobago. After months of dedicated discussions and negotiations, NGC signed agreements with BP Trinidad and Tobago LLC (bpTT), to acquire a 20% participating interest in Block 5(b) Production Sharing
Contract (PSC), within which the Manakin Field is situated. The announcement was made by The Honourable Kamla Persad-Bissessar, MP, SC, Prime Minister of The Republic of Trinidad and Tobago, at the Diplomatic Centre on Monday 10th August 2026. Ironically, it was in The Honourable Prime Minister Persad-Bissessar’s first term as Prime Minister, that the unitisation agreement was executed on 26th February 2015, between the Republic of Trinidad and Tobago and The Bolivarian Republic of Venezuela, for the exploitation and development of hydrocarbon reservoirs in the Manakin-Cocuina field.
The execution of this agreement between NGC and bpTT makes Manakin-Cocuina, the only unitised, cross-border gas reservoir in the Western Hemisphere, where there has been agreement for the development of the entire cross-border resource. Manakin-Cocuina is a significant natural gas resource straddling the maritime boundary between Trinidad and Tobago and Venezuela. NGC holds a 20% participating interest in the Cocuina licence but prior, had no interest in the Manakin Field that sits within the territorial boundary of this country. The Company has been able to strategically align its participating interest in the unitised field with that of Cocuina, by acquiring a 20% interest in Manakin. NGC’s participating interest in Manakin, has been vested in its subsidiary, NGC Exploration and Production Limited (NGC EPL).
