WELCOME TO
Greenflame | Petro Caribe
Focused on Responsible Energy Transition
Discover premier energy investments. Explore proven, low cost, high netback oil projects that support a responsible Caribbean energy future. Our approach pairs enhanced oil recovery with carbon capture for resilient, long-term value.
WELCOME TO
Greenflame | Petro Caribe
Focused on Responsible Energy Transition
Discover premier energy investments. Explore Proven, low-cost, high-netback oil projects that support a responsible Caribbean energy future. Our approach pairs enhanced oil recovery with carbon capture for resilient, long-term value.
Discover the Parrylands Block
Strategic acreage in Trinidad & Tobago positioned for immediate EOR and long-term carbon sequestration.
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80+Million Barrels potential through EOR.
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110 Wells Existing wells ready for EOR.
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CO2 Capture Carbon neutral production pathway. |
Discover the Parrylands Block
Strategic acreage in Trinidad & Tobago positioned for immediate EOR and long-term carbon sequestration.
80+Million
Barrels potential through EOR
110 Wells
Existing wells ready for EOR
CO2 Capture
Carbon neutral production pathway
Strategic Location
The Parrylands Block in Trinidad & Tobago provides 744 contiguous acres of proven reserves that is connected to a port via a pipeline. Altantic LNG Plant (5 miles from Perrylands) which has 7 MMSCFPD of pure CO2 available for EOR and Sequestration
Carbon Neutral Production
Our program will use steam and flu gas injection while a CO2 pipeline is put into operation. The result is a production technology using the CO2 for pressure support and oil displacement leaving the CO2 subsurface for long term CO2 storage.
Permitting Status
The Block is fully permitted for immediate implementation of the EOR project. There is no Government ownership Interest in this project
Stability
3rd richest country by GDP per Capita in the Americas after U.S. and Canada. 40% of GDP is Oil & Gas
Reserves
Dec.31,2022, Netherland Sewell estimates: initial 1P reserves of 3.2mmbbl with 3P of 32MMBBL within the lease boundary. Production to date has recovered less than 500,000 bbls
Producing Asset
$20MM+ was invested from previous parties to position the current development including 110 wells, pipelines and production facilities. This heavy oil property has been limited to cold production to date. Parrylands lies adjacent to Texaco’s local property that recivered 50% OIP with thermal EOR.
Strategic Location
The Parrylands Block in Trinidad & Tobago provides 744 contiguous acres of proven reserves that is connected to a port via a pipeline. Altantic LNG Plant (5 miles from Perrylands) which has 7 MMSCFPD of pure CO2 available for EOR and Sequestration
Carbon Neutral Production
Our program will use steam and flu gas injection while a CO2 pipeline is put into operation. The result is a production technology using the CO2 for pressure support and oil displacement leaving the CO2 subsurface for long term CO2 storage.
Permitting Status
The Block is fully permitted for immediate implementation of the EOR project. There is no Government ownership Interest in this project
Stability
3rd richest country by GDP per Capita in the Americas after U.S. and Canada. 40% of GDP is Oil & Gas
Reserves
Dec.31,2022, Netherland Sewell estimates: initial 1P reserves of 3.2mmbbl with 3P of 32MMBBL within the lease boundary. Production to date has recovered less than 500,000 bbls
Producing Asset
$20MM+ was invested from previous parties to position the current development including 110 wells, pipelines and production facilities. This heavy oil property has been limited to cold production to date. Parrylands lies adjacent to Texaco’s local property that recivered 50% OIP with thermal EOR.
Investment highlights
- Positive view on oil prices as demand exceeds supply.
- Strategically located in Trinidad with 100% private ownership.
- Opportunities for carbon emissions reduction.
- Proven enhanced oil recovery technology.
Upside and incentives
- Reduced tax rate of 15% for EOR projects in Trinidad.
- Tax credit of 30% up to $500,000 for CCUS investment.
- Potential access to more than 10,000 onshore wellbores.
- Premium crude pricing with low sulfur content.
Investment highlights
- Positive view on oil prices as demand exceeds supply.
- Strategically located in Trinidad with 100% private ownership.
- Opportunities for carbon emissions reduction.
- Proven enhanced oil recovery technology.
Upside and incentives
- Reduced tax rate of 15% for EOR projects in Trinidad.
- Tax credit of 30% up to $500,000 for CCUS investment.
- Potential access to more than 10,000 onshore wellbores.
- Premium crude pricing with low sulfur content.
Investment highlights
- Positive view on oil prices as demand exceeds supply.
- Strategically located in Trinidad with 100% private ownership.
- Opportunities for carbon emissions reduction.
- Proven enhanced oil recovery technology.
Upside and incentives
- Reduced tax rate of 15% for EOR projects in Trinidad.
- Tax credit of 30% up to $500,000 for CCUS investment.
- Potential access to more than 10,000 onshore wellbores.
- Premium crude pricing with low sulfur content.