Trinidad and Tobago’s oil production is showing early signs of improvement after years of decline, with crude and condensate output averaging 54,209 barrels per day (b/d) in the first quarter of 2026.
The latest figures, published by the Energy Chamber of Trinidad and Tobago on August 10, put first-quarter production 4.7% above the same period last year and slightly above the country’s 2025 annual average.
“Data from the Ministry of Energy and Energy Industries’ Monthly Consolidated Bulletins show production averaged 54,052 barrels per day in January, rose to 55,244 barrels per day in February and moderated to 53,431 barrels per day in March. The first-quarter average was 427 barrels per day, or 0.8 per cent, above the 2025 annual average of 53,782 barrels per day,” the Chamber disclosed.
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The recovery remains modest against the country’s longer-term decline. Trinidad and Tobago produced an average 71,705 b/d in 2016. Output fell to 56,472 b/d in 2020, briefly increased to 59,865 b/d in 2021, then declined through 2022, 2023 and 2024.
Several producers helped lift production during the opening months of 2026.
EOG Resources recorded the sharpest increase. Its crude and condensate output averaged 3,821 b/d in the first quarter, more than double the approximately 1,773 b/d recorded a year earlier. Production topped 4,000 b/d in January and February before easing in March.
Perenco also increased production to an average 10,156 b/d from about 8,309 b/d in the first quarter of 2025. Its monthly output remained above 10,000 b/d in February and March.
bp Trinidad and Tobago recorded average liquids production of 4,906 b/d, up from approximately 3,263 b/d a year earlier.
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Smaller increases came from Heritage Petroleum’s exploration and production service contract operations, TETL’s Central Block and Summit Energy Services Limited (SESL).
“The increase recorded so far is modest, but it is encouraging. After reaching its lowest annual average in recent years during 2024, production improved in 2025 and has remained above last year’s level during the opening months of 2026. Whether that trend continues will depend on drilling activity, maintenance schedules, field performance and the timing of new developments,” the Chamber stated.
