Tuesday, December 11, 2018

Denovo Delivers First Gas to NGC from Iguana Field

November 25, 2018

Image: Denovo Proman

Independent gas company DeNovo Energy, a subsidiary of the Proman Group, has made its first commercial supply of natural gas from the Iguana field in Block 1(a) off the coast of Trinidad and Tobago.

According to a release from the company, DeNovo plans to deliver 80 million standard cubic feet of gas per day (MMSCFD) from the Iguana field for use by the petrochemical plants on the Pt Lisas Industrial Estate through the National Gas Company of Trinidad and Tobago. DeNovo is Trinidad and Tobago’s fifth natural gas producer.

DeNovo, which became the operator of the field in 2016, fast-tracked the project delivery, safely executing this development using 2.6 million man-hours, with over 73% local content, in just under three years.

The project was delivered in line with Proman's strategy for ensuring security of gas supply and sustainability in Trinidad and Tobago's Energy Industry. Proman invested USD 250 million in DeNovo in 2015, as the first downstream group to invest in the upstream sector in Trinidad and Tobago.

Swiss-based Proman Group has been operating in Trinidad and Tobago since 1984 and owns and operates 14 petrochemical plants on the Point Lisas Industrial Estate in Trinidad, amounting to more than 50% of the installed petrochemical capacity.

Proman Chief Executive David Cassidy said, "The Iguana field development is a perfect example of global collaboration and the diverse competencies within the Proman Group, as DeNovo was supported by other Proman companies to deliver this project in record time to a world-class standard. I would like to express my thanks to the expert teams at DeNovo, Proman AG (Trinidad) Ltd, Eurotecnica Contractors and Engineers S.p.A, and Industrial Plant Services Limited (IPSL) for their outstanding work."

David added: "Together we have achieved a significant first for Trinidad and Tobago, demonstrating Proman's commitment to enhancing the competitiveness of the local petrochemical sector, increasing the security of gas supply in the country, and leading a sustainable evolution in the local Energy Industry."

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