BP plc (BP) , the British energy major, has signed a Production Sharing Agreement (“PSA”) with Trinidad and Tobago in the shallow water block NCMA 2. BP’s subsidiary won an offshore bidding round hosted by Trinidad and Tobago last year. The agreement allows for the exploration and production of natural gas in the shallow water block.The PSA is aimed at increasing the country's natural gas output to boost the supply of its liquefied natural gas (LNG) facilities. Trinidad and Tobago’s natural gas supply has b ...