PORT OF SPAIN, Trinidad Dec 15 Norway's
Statoil Ltd (STL.OL) emerged as the sole bidder on Friday for
Trinidad and Tobago's first ever ultra-deep blocks in the
Atlantic off the east coast.
Helena Inniss-King, the director of the Resource Management
Division at the Ministry of Energy, said she could not say why
other companies shied away from making bids but added the
government may have to go back and look at some of the fee
Companies intending to bid on any of the blocks were
required to pay a pre-bid application fee of $800,000.
It also entitled the prospective bidder to the relevant
data package, containing 2D seismic lines and data on the
On submission of a bid, bidders were required to deposit a
non-refundable bid fee of $50,000 for each block bid on.
The twin-island Caribbean state is the lead provider of
liquefied natural gas (LNG) to the United States.