Trinidad and Tobago is a twin-island state which lies at the southern most point of the Caribbean island chain, which extends from Florida on the North American mainland to Eastern Venezuela located on the South American Mainland. It occupies a central position in that it is ideally located for egress to and from the North American and South American mainland and is also easily accessible from Europe. The Republic of Trinidad and Tobago is celebrating it’s 100th anniversary as a commercial producer of oil and gas this year. The Energy Sector has been and continues to be the main driver of the economy and therefore its importance can never be underestimated. This year, the Government of the Republic of Trinidad and Tobago will be signing nine Production Sharing Contracts for six Onshore/Nearshore and three offshore blocks which were offered in 2005. Trinidad and Tobago Deep Atlantic Area Eight TTDAA blocks were offered in 2006. One bid, submitted by Statoil, was received for Block TTDA 5. In response to limited success of the Trinidad Deep Atlantic Bid Round, The Ministry of Energy and Energy Industries, through its technical consultants Dynamic Global Advisors, acting on behalf of ION/GXT, has just completed a study aimed at technically derisking the area. The study is called “A New Look at Eastern Deep Water Trinidad; Seismic Interpretation and Exploration Review”. The results of the study to date have been encouraging. (Some of the results of this study will be displayed in our booth at the AAPG Annual Convention and Exhibition 2008). We are also reviewing other parameters which contributed to the limited success before offering the acreage but it is the Ministry’s intention to offer it in 2009.