Trinity submits Trinidad development plan

Trinidad and Tobago-focused Trinity Exploration & Production has submitted the TGAL field phase one development plan to the country’s energy ministry, the company said in a Monday press release.

The plan envisions the production of 5,800 bopd through up to 10 development wells by 2024, the statement said. A final investment decision is expected in H1 2020 and first oil is slated for H1 2022.

“Against the backdrop of falling black oil production in Trinidad, Trinity believes that this development would be a key enabler with respect to; direct and indirect local employment, to the generation of revenue and in the ultimate aim of maximising reserves recovery for all stakeholders,” Bruce Dingwall, Trinity’s executive chairman, said.

TGAL is located in the offshore Galeota block and holds an estimated 186 million barrels of stock tank oil initially in place. Trinity holds a 65% interest in TGAL, while partner Petrotrin has a 35% stake.