In the 1990s, Trinidad and Tobago’s Ministry of Energy quietly abandoned a long-standing policy that required every new exploration and production (E&P) licence or Production Sharing Contract (PSC) to include participation by the State through its national oil companies (NOCs).

In the 1990s, Trinidad and Tobago’s Ministry of Energy quietly abandoned a long-standing policy that required every new exploration and production (E&P) licence or Production Sharing Contract (PSC) to include participation by the State through its national oil companies (NOCs).