💨 Abstract

ExxonMobil has secured a deal to explore for oil and gas off Trinidad and Tobago's east coast, covering over 2,700 square miles in deep waters. The agreement, signed after swift negotiations, aims to replicate Guyana's success in rapid oil production. Trinidad's Prime Minister emphasized energy security and hydrocarbons' role in the nation's economic strategy. The initiative follows ExxonMobil's past unsuccessful efforts and a paused energy partnership with Venezuela due to U.S. sanctions.

Courtesy: WTOP Staff