Contents:

1 Table Of Contents 2 1.1 List of Tables 7 1.2 List of Figures 9 2 Trinidad and Tobago Exploration and Production Sector 10 2.1 Trinidad and Tobago, Key Data 10 2.2 Trinidad and Tobago, Exploration And Production Assets Map 11 2.3 Trinidad and Tobago Exploration and Production Sector, Production 12 2.3.1 Trinidad and Tobago Exploration and Production Sector, Crude Oil-Historical Production 12 2.3.2 Trinidad and Tobago Exploration and Production Sector, Natural Gas-Historical Production 13 2.3.3 Trinidad and Tobago Exploration and Production Sector, Crude Oil Production by Assets 14 2.3.4 Trinidad and Tobago Exploration and Production Sector, Natural Gas Production by Assets 15 2.3.5 Trinidad and Tobago Exploration and Production Sector, Crude Oil Production by Company 16 2.3.6 Trinidad and Tobago Exploration and Production Sector, Natural Gas Production by Company 17 2.4 Trinidad and Tobago Exploration and Production Sector, Forecasts 17 2.4.1 Trinidad and Tobago Exploration and Production Sector, Crude Oil Forecasted Production 17 2.4.2 Trinidad and Tobago Exploration and Production Sector, Natural Gas Forecasted Production 18 2.4.3 Trinidad & Tobago Exploration and Production Sector, Crude Oil Gross Revenue Forecast 18 2.4.4 Trinidad & Tobago Exploration and Production Sector, Natural Gas Gross Revenue Forecast 19 2.4.5 Trinidad & Tobago Exploration and Production Sector, Government Take Forecast of Crude Oil Assets 19 2.4.6 Trinidad & Tobago Exploration and Production Sector, Government Take Forecast of Natural Gas Assets 20 2.4.7 Trinidad & Tobago Exploration and Production Sector, Contractor Take Forecast of Crude Oil Assets 20 2.4.8 Trinidad & Tobago Exploration and Production Sector, Contractor Take Forecast of Natural Gas Assets 21 2.5 Trinidad and Tobago Exploration And Production Sector, Natural Gas Asset Details 21 2.5.1 Trinidad and Tobago Exploration And Production Sector, Active Natural Gas Asset Details 21 2.5.2 Trinidad and Tobago Exploration And Production Sector, Planned Natural Gas Asset Details 22 2.6 Trinidad and Tobago Exploration And Production Sector, Exploration 22 2.6.1 Trinidad and Tobago Exploration And Production Sector, Total Active Exploration Blocks 22 2.6.2 Trinidad and Tobago Exploration And Production Sector, Active Exploration Blocks by Company 23 2.6.3 Trinidad and Tobago Exploration And Production Sector, Exploration Details 24 3 Profile of BG Group plc 26 3.1 BG Group plc, Key Information 26 3.2 BG Group plc, Company Overview 26 3.3 BG Group plc, Business Description 26 3.3.1 BG Group plc, Business Description, Business Overview 26 3.3.2 BG Group plc, Business Description, Exploration and Production 27 3.3.3 BG Group plc, Business Description, Liquefied Natural Gas 29 3.3.4 BG Group plc, Business Description, Power and Other activities 31 3.3.5 BG Group plc, Business Description, Transmission and Distribution 32 3.3.6 BG Group plc, Business Description, Major Products and Services 35 3.4 BG Group plc, Value Chain Analysis 36 3.4.1 BG Group plc, Value Chain Analysis, Upstream 36 3.4.2 BG Group plc, Value Chain Analysis, Midstream 37 3.4.3 BG Group plc, Value Chain Analysis, Downstream 38 3.5 BG Group plc, SWOT Analysis 38 3.5.1 BG Group plc, SWOT Analysis, Overview 38 3.5.2 BG Group plc, SWOT Analysis, Strengths 39 3.5.3 BG Group plc, SWOT Analysis, Weaknesses 40 3.5.4 BG Group plc, SWOT Analysis, Opportunities 41 3.5.5 BG Group plc, SWOT Analysis, Threats 43 3.6 BG Group plc, Revenue Analysis 44 3.6.1 BG Group plc, Revenue Analysis, Revenue by Segment 44 3.6.2 BG Group plc, Revenue Analysis, Revenue by Geography 45 3.7 BG Group plc, Financial and Operational Review 46 3.7.1 Financial Statements 46 3.7.2 Financial Ratios 47 4 EOG Resources, Inc. 48 4.1 EOG Resources, Inc., Key Information 48 4.2 EOG Resources, Inc., Company Overview 48 4.3 EOG Resources, Inc., Business Description 48 4.3.1 EOG Resources, Inc., Business Description, Business Overview 48 4.3.2 EOG Resources, Inc., Business Description, Exploration and Production 49 4.3.3 EOG Resources, Inc., Business Description, Major Products and Services 50 4.4 EOG Resources, Inc., Value Chain Analysis 51 4.4.1 EOG Resources, Inc., Value Chain Analysis, Upstream 51 4.5 EOG Resources, Inc., SWOT Analysis 52 4.5.1 EOG Resources, Inc., SWOT Analysis, Overview 52 4.5.2 EOG Resources, Inc., SWOT Analysis, Strengths 53 4.5.3 EOG Resources, Inc., SWOT Analysis, Weaknesses 53 4.5.4 EOG Resources, Inc., SWOT Analysis, Opportunities 54 4.5.5 EOG Resources, Inc., SWOT Analysis, Threats 55 4.6 EOG Resources, Inc, Revenue Analysis 56 4.6.1 EOG Resources, Inc, Revenue by Segment 56 4.6.2 EOG Resources, Inc, Revenue by Geography 57 4.7 EOG Resources, Inc, Financial and Operational Review 58 4.7.1 Financial Statements 58 4.7.2 Financial Ratios 59 5 Profile of BHP Billiton 60 5.1 BHP Billiton, Key Information 60 5.2 BHP Billiton, Company Overview 60 5.3 BHP Billiton, Business Description 60 5.3.1 BHP Billiton, Business Description, Business Overview 60 5.3.2 BHP Billiton, Business Description, Aluminium 61 5.3.3 BHP Billiton, Business Description, Base Metals 62 5.3.4 BHP Billiton, Business Description, Diamonds and Specialty Products 63 5.3.5 BHP Billiton, Business Description, Energy Coal 64 5.3.6 BHP Billiton, Business Description, Iron Ore 65 5.3.7 BHP Billiton, Business Description, Manganese 66 5.3.8 BHP Billiton, Business Description, Metallurgical Coal 67 5.3.9 BHP Billiton, Business Description, Petroleum 68 5.3.10 BHP Billiton, Business Description, Stainless Steel Materials 70 5.3.11 BHP Billiton, Business Description, Major Products and Services 72 5.4 BHP Billiton, Value Chain Analysis 74 5.4.1 BHP Billiton, Value Chain Analysis, Upstream 74 5.4.2 BHP Billiton, Value Chain Analysis, Midstream 76 5.4.3 BHP Billiton, Value Chain Analysis, Retail 76 5.5 BHP Billiton, SWOT Analysis 77 5.5.1 BHP Billiton, SWOT Analysis, Overview 77 5.5.2 BHP Billiton, SWOT Analysis, Strengths 78 5.5.3 BHP Billiton, SWOT Analysis, Weaknesses 79 5.5.4 BHP Billiton, SWOT Analysis, Opportunities 80 5.5.5 BHP Billiton, SWOT Analysis, Threats 81 5.6 BHP Billiton, Revenue Analysis 82 5.6.1 BHP Billiton, Revenue by Segment 82 5.6.2 BHP Billiton, Revenue by Geography 83 5.7 BHP Billiton, Financial and Operational Review 86 5.7.1 Financial Statements 86 5.7.2 Financial Ratios 87 6 Financial Deals Landscape 88 6.1 Detailed Deal Summary 88 6.1.1 Acquisition 88 6.1.2 Partnerships 89 6.1.3 Asset Transactions 90 7 Recent Developments 93 7.1 License Rounds 93 7.1.1 Dec 11, 2008: Trinidad And Tobago To Open Bidding For New Exploration Licenses In 2009 93 7.2 License Awards 93 7.2.1 Dec 30, 2008: Trinidad And Tobago To Sign PSC For Marine Block 93 7.3 Drilling and Production Updates 94 7.3.1 Mar 05, 2009: Leni Gas & Oil Provides Production Update 94 7.3.2 Mar 03, 2009: Challenger Energy Announces Initial Flow Test Results From Endeavour Well, Offshore Trinidad 95 7.3.3 Feb 12, 2009: BPTT To Place Savonette Platform Into Production 96 7.3.4 Feb 09, 2009: Fluor Announces First Gas At Poinsettia Platform Offshore Trinidad 96 7.3.5 Feb 03, 2009: Leni Provides Production Update 97 7.3.6 Jan 23, 2009: Canadian Superior To Commence Flow Test On Endeavour Well, Offshore Trinidad 98 7.3.7 Jan 09, 2009: Leni Provides Production Update 99 7.3.8 Dec 29, 2008: Canadian Superior Updates On Endeavour Well Offshore Trinidad & Tobago 100 7.3.9 Dec 11, 2008: Leni Provides November 2008 Production Update 101 7.3.10 Dec 08, 2008: Canadian Superior Temporally Suspends Drilling On Endeavour Well In Intrepid Block, Trinidad & Tobago 103 7.3.11 Nov 12, 2008: Maxim Reaches Total Depth At ER-100 Well In South Erin Field, Trinidad 103 7.3.12 Oct 29, 2008: Challenger Updates On Drilling Activities At Endeavour Well In Offshore Trinidad 104 7.3.13 Oct 23, 2008: Maxim Drills South Erin Well In Trinidad 105 7.3.14 Oct 14, 2008: Canadian Superior Runs 13-5/8" Casing On Endeavour Well In Intrepid Block 5(c) Offshore Trinidad 105 7.3.15 Oct 09, 2008: Maxim To Drill Four Wells At South Erin Oil Field In Trinidad 106 7.3.16 Sep 17, 2008: Canadian Superior Updates Drilling Progress At Endeavour Well In Intrepid Block 5(c), Offshore Trinidad 106 7.4 Other Significant Developments 107 7.4.1 Feb 17, 2009: Repsol To Increase Investments In Trinidad And Tobago 107 7.4.2 Dec 30, 2008: OMEL Energy To Invest $500 Million In Trinidad And Tobago 108 8 Appendix 109 8.1 Methodology 109 8.1.1 Coverage 109 8.1.2 Secondary Research 110 8.1.3 Primary Research 110 8.1.4 E&P Forecasts 111 8.1.5 Midstream Forecasts 112 8.1.6 Expert Panel Validation 112 8.2 Contact Us 113 8.3 About Us 113 8.4 Disclaimer 113 Executive Summary 1.1 List of Tables Table 1: Trinidad and Tobago, Oil and Gas, Key Statistics, 2008 10 Table 2: Trinidad and Tobago, Total Crude Oil Production (MMBBLs), 2001-2008 12 Table 3: Trinidad and Tobago, Total Natural Gas Production (MMcf), 2001-2008 13 Table 4: Trinidad and Tobago, Crude Oil Production (MMBBLs), by Assets, 2001-2008 14 Table 5: Trinidad and Tobago, Natural Gas Production (MMcf), by Assets, 2001-2008 15 Table 6: Trinidad and Tobago, Crude Oil Production (MMBBLs), by Company, 2001-2008 16 Table 7: Trinidad and Tobago, Natural Gas Production (MMcf), by Company, 2001-2008 17 Table 8: Trinidad and Tobago, Total Crude Oil Production (MMBBLs), Forecast by Assets, 2009-2014 17 Table 9: Trinidad and Tobago, Total Natural Gas Production (MMcf), Forecast by Assets, 2009-2014 18 Table 10: Trinidad & Tobago, Forecasted Crude Oil Assets-Wise Gross Revenue(000’$), 2009-2014 18 Table 11: Trinidad&Tobago, Forecasted Natural Gas Assets-Wise Gross Revenue(000’$), 2009-2014 19 Table 12: Trinidad & Tobago, Projected Crude Oil Assets-wise Government Take(000’$), 2009-2014 19 Table 13: Trinidad & Tobago, Projected Natural Gas Assets-Wise Government Take(000’$), 2009-2014 20 Table 14: Trinidad & Tobago, Projected Crude Oil Assets-wise Contractor Take(000’$), 2009-2014 20 Table 15: Trinidad & Tobago, Projected Natural Gas Assets-Wise Contractor Take(000’$), 2009-2014 21 Table 16: Trinidad and Tobago, Gas Field Assets Details 21 Table 17: Trinidad and Tobago, Planned Gas Field Assets Details 22 Table 18: Trinidad and Tobago, Total Active Exploration Blocks, 2001-2008 22 Table 19: Trinidad and Tobago, Exploration Active Blocks by Company, 2001-2008 23 Table 20: Trinidad and Tobago, Oil and Gas Exploration Details 24 Table 21: Trinidad and Tobago, Oil and Gas Exploration Details (Cont’d) 25 Table 22: BG Group plc, Key Facts 26 Table 23: BG Group plc, SWOT Analysis 39 Table 24: BG Group plc, Revenue by Segment, GBP Million, 2003-2007 44 Table 25: BG Group plc, Revenue by Geography, GBP Million, 2003-2007 45 Table 26: BG Group plc, Financial Statements, GBP Million, 2003-2007 46 Table 27: BG Group plc, Financial Ratios, GBP Million, 2003-2007 47 Table 28: EOG Resources, Inc.,Key Facts 48 Table 29: EOG Resources, Inc., SWOT Analysis 52 Table 30: EOG Resources, Inc., Revenue by Segment, USD Thousand, 2003-2007 56 Table 31: EOG Resources, Inc., Revenue by Geography, USD Thousand, 2003-2007 57 Table 32: EOG Resources, Inc., Financial Statements, USD Thousand, 2003-2007 58 Table 33: EOG Resources, Inc., Financial Ratios, USD Thousand, 2003-2007 59 Table 34: BHP Billiton,Key Facts 60 Table 35: BHP Billiton, SWOT Analysis 77 Table 36: BHP Billiton, Revenue by Segment, USD Million, 2003-2007 83 Table 37: BHP Billiton, Revenue by Geography, USD Million, 2003-2007 85 Table 38: BHP Billiton, Financial Statements, USD Million, 2003-2007 86 Table 39: BHP Billiton, Financial Ratios, USD Million, 2003-2007 87 Table 40: Pioneer Exploration To Acquire Macallan Oil & Gas 88 Table 41: Benchmark Energy Enters Into Joint Venture Agreement With Fram Exploration 89 Table 42: Canadian Superior Energy To Sell 25% Interest In Its Intrepid Block 5(c) Offshore And Related Discoveries 90 Table 43: China Petroleum & Chemical And CNOOC To Acquire Natural Gas Assets From Talisman Energy 91

Companies Mentioned

BG Group plc EOG Resources, Inc. BHP Billiton