Exxon Mobil is set to invest up to $21.7 billion in Trinidad and Tobago after being awarded a large deepwater area for oil and gas exploration. The company plans to replicate its success in Guyana and will invest $42 million for initial exploration in Trinidad. If reserves are confirmed, production could start quickly due to existing infrastructure. Trinidad’s Prime Minister promises to review fiscal terms to attract more investment in the energy sector.

Read more at Yahoo Finance: Trinidad awards deepwater blocks to Exxon, could see $21.7 billion investment, minister says