Business
Oil find: Confusion between Trinidad & Tobago and Grenada over ownership
Conflict is brewing between Trinidad & Tobago and Grenada over the spoils of exploration for two of the country’s deep water blocks which were up for bid last week.
According to reports, the offshore acreage blocks are the TTDAA 28 and the TTDAA 29 – located North East of the Trinidadian border which is also the international boundary with Grenada.
It is understood that unresolved issues has seen Trinidad & Tobago authorities consulting with officials from the Grenada government on the issue.
Reports indicate that former Trinidad & Tobago prime minister Patrick Manning entered into an agreement which delineated the common continental shelf in 2008 between the two countries. This act could affect the blocks if they fell outside the boundaries agreed to by the former Prime Minister.
