Caribbean Journey
Trinidad Just FOUND The BIGGEST Oil Discovery In The Caribbean History
Trinidad just found oil where geologists said there wasn't supposed to be any and ExxonMobil is now prepared to spend up to $21.7 billion chasing more of it. In this documentary, we break down Trinidad and Tobago's 160-year oil history, the 30-year collapse that nearly ended it, and the 2025-2026 discovery wave EOG's Beryl find, BP's Mento platform, and ExxonMobil's return to the region 20 years after it walked away that's turning Trinidad into one of the most closely watched energy stories in the Caribbean right now.
Is this really the biggest oil discovery in history? We give you the honest answer and explain why what's happening in Trinidad right now might matter more to the Caribbean diaspora than any single number on a balance sheet.
⏱️ TIMESTAMPS
0:00 – The $21.7 Billion Question
1:35 – Trinidad's Forgotten Oil History (1866)
5:20 – The Golden Era: 230,000 Barrels a Day
7:45 – The 30-Year Collapse Nobody Talks About
11:00 – May 2025: The Beryl Discovery
14:00 – Mento, Coconut & The Small Wins Adding Up
16:30 – ExxonMobil's $21.7B Bet on TTUD-1
20:00 – Why Everyone Compares Trinidad to Guyana (And Gets It Wrong)
23:30 – Trinidad's Hidden Infrastructure Advantage
26:00 – The Gas Story No One Is Covering
29:30 – The Political Timing Behind the Boom
32:00 – Is This Really the Biggest Discovery? (The Honest Answer)
34:00 – What This Means for the Caribbean Diaspora
37:00 – Three Scenarios: Boom, Steady Growth, or Bust
39:00 – Final Thoughts & What Happens Next
❓ QUICK ANSWERS (for viewers asking):
Is Trinidad's oil discovery the biggest in history? No Ghawar in Saudi Arabia, Brazil's pre-salt fields, and Guyana's Stabroek block are all larger. But it may be the biggest convergence of discoveries in Trinidad's own 160-year history.
How much is ExxonMobil investing in Trinidad? Up to $21.7 billion if commercial reserves are confirmed in the TTUD-1 block, according to Trinidad's Energy Minister.
What is the Beryl discovery? A shallow-water oil find by EOG Resources off Trinidad's east coast, announced May 2025, in an area previously thought to hold mostly natural gas.
How does Trinidad compare to Guyana's oil boom? Guyana has far larger confirmed reserves, but Trinidad already has a century of refineries, pipelines, ports, and a trained workforce infrastructure Guyana had to build from zero.
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📚 SOURCES
- The Energy Year, "ExxonMobil's return to Trinidad puts $21.7 billion on the table" (Aug 13, 2025) — theenergyyear.com
- Oil & Gas Journal, "ExxonMobil to Invest Up to $21.7 Billion in New Trinidad Deepwater Exploration" (Aug 15, 2025) — ogj.com
- Trinidad Guardian, "T&T and ExxonMobil sign multi-million-dollar agreement" (Aug 14, 2025) — guardian.co.tt
- Trinidad Express, "ExxonMobil deal a 'significant milestone'" (Aug 15, 2025) — trinidadexpress.com
- The Energy Year, "EOG Resources to fast-track Beryl oil discovery off Trinidad" (May 8, 2025) — theenergyyear.com
- Trinidad and Tobago Newsday, "EOG finds oil in Beryl field" (May 8, 2025) — newsday.co.tt
- World Oil, "bp, EOG achieve first gas from Mento field, offshore Trinidad" (May 29, 2025) — worldoil.com
- EOG Resources Inc., SEC Form 10-Q and 10-K filings, FY2025 — sec.gov
- Caribbean Energy Week, "Exxon's Ultra-Deep 1 Deal Sets the Stage for Trinidad's Next Energy Chapter" — caribbeanenergyweek.com
- Reuters (cited across multiple outlets above), statements from Energy Minister Roodal Moonilal and ExxonMobil VP John Ardill
⚠️ DISCLAIMER
This video is for informational and educational purposes only. It does not constitute financial, investment, or legal advice. Figures on projected investment, reserves, and production are drawn from public company statements, government announcements, and industry press as of the video's publication date and are subject to change. Caribbean Journey is not affiliated with ExxonMobil, EOG Resources, BP, Shell, Woodside Energy, or the Government of Trinidad and Tobago. Always consult qualified professionals before making financial decisions based on energy market developments.
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Published Aug 5, 2026