Calypso is a conventional gas development located in deepwater in Trinidad and Tobago and is operated by BHP. The field has water depth of around 1,641 feet.
The project is currently in feasibility stage and is expected to start commercial production in 2028. Final investment decision (FID) of the project will be approved in 2026.
Field participation details
The field is owned by Repsol, BP and BHP.
Production from Calypso
Production from the Calypso conventional gas development project is expected to begin in 2028 and is forecast to peak in 2032, to approximately 418 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2071.
Remaining recoverable reserves
The field is expected to recover 424.2 Mmboe, comprised of 2,545.21 bcf of natural gas reserves.
BHP is a natural resources company that carries out the explorations, development, production and processing of mineral resources. It discovers, acquires and markets various commodities including iron ore, coal, nickel, copper, lead, silver, potash, molybdenum, uranium, zinc and gold. The company’s operational projects include iron ore mines in Brazil and Australia, and copper mines in Peru, Australia and Chile. It also has a potash development project in Canada, and coal mines in Australia, the US and Colombia. BHP also explores for, develops, produces, and markets oil and gas in the Gulf of Mexico, Trinidad and Tobago, Algeria, the US and the UK. BHP is headquartered in Melbourne, Victoria, Australia.
Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.