Shell announced approving the final investment decision on the Aphrodite gas project offshore Trinidad and Tobago, Reuters reported citing the company. The project is set to start production in 2027, with expected peak production of 18,400 barrels of oil equivalent per day (boe/d).
Shell owns a 45% stake in Trinidad’s Atlantic LNG plant which has recently been seeing a decline in natural gas production, limiting Shell’s LNG share to less than its entitled 5.5 million metric tons per annum (MTPA). The company said that this project will serve as a backfill to the plant.
“Shell produces more than 600 million cubic feet per day (mmcf/d) of natural gas in Trinidad. The increased production from Aphrodite will help it maximize the utilization of its existing assets”, Shell said.
Aphrodite gas project is located in the East Coast Marine Area (ECMA), one of the country’s most prolific gas-producing regions, which already hosts Shell’s major gas fields such as Dolphin, Starfish, Bounty, and Endeavour.