The second phase of bp Trinidad and Tobago’s (bpTT) Cypre subsea gas development has been completed ahead of schedule, with three additional wells now operational, Minister of Energy and Energy Industries, Dr. Roodal Moonilal announced on Thursday.
The completion brings the total number of wells in the Cypre project to seven. BpTT had originally reported first gas from the project’s initial four wells in March 2025. The three Phase 2 wells were initially scheduled to come online in 2026 but have been accelerated by approximately a year.
“‘Ahead of schedule’ is the new norm under this second administration of Prime Minister the Honourable Kamla Persad-Bissessar,” Minister Moonilal said in a statement celebrating the milestone.
At peak production, Cypre is expected to deliver 45,000 barrels of oil equivalent per day, or approximately 250 million standard cubic feet per day of natural gas.
The project draws on natural gas discovered by the Macadamia-1 exploration well, which was drilled starting in March 2017, combined with reserves from the South East Queens Beach gas reservoirs. According to the Minister, significant volumes of the natural gas produced from Cypre come from the Macadamia discovery.
The Energy Minister attributed the project’s origins to tax incentives introduced by the People’s Partnership government in 2014, specifically an accelerated capital allowance for exploration passed through the Finance Bill of that year. The incentive included a sunset clause that expired on December 31, 2017, prompting bp to drill both the Macadamia and Savannah exploration wells before the deadline.
The Savannah well led to the Matapal project, which has been producing since September 2021. “If the exploration incentive was not provided in 2014, these two projects would not have materialized, and our natural gas production would be much worse than it currently is,” the minister stated.