British Petroleum expects to boost its oil and natural gas production from Trinidad and Tobago 48 percent by 2008 by investing $2.4 billion.
BP's Trinidad and Tobago head Robert Riley said that production will rise to about 600,000 barrels a day of from its current 405,000 barrels a day.
The country accounts for about 10 per cent of BP's overall output, he said.
BP, which has had a presence on the Caribbean island since 1961, has been helped by new offshore finds, which have boosted reserves and production potential.
"By 2010, Trinidad and Tobago will be our largest unit by volume, excluding Russia," said Riley. The company was producing 100,000 barrels a day of oil equivalent as late as 1998, he said.
