Click to view full size

ENERGY major ExxonMobil could invest up to US$21.7 billion (TT$147 billion) in Trinidad and Tobago over the coming years if hydrocarbons are discovered offshore, following its return to the country after more than two decades, Prime Minister Kamla Persad-Bissessar has said.

Speaking at the signing ceremony for the Production Sharing Contract (PSC) for Block TTDU1 between ExxonMobil and T&T Deepwater Ltd at the Diplomatic Centre in Port of Spain yesterday, Persad-Bissessar called the agreement “a milestone for our energy sector”.

“They (ExxonMobil) probably know something that we are going to find out very soon,” Persad-Bissessar said.