BP boosts Trinidad portfolio
BP Trinidad & Tobago (bpTT) has made what it claims are ‘two significant gas discoveries’ offshore Trinidad. The Savannah and Macadamia exploration wells, in which the company has a 100% working interest, discovered some 2tn cf of gas in place. The discoveries are set to underpin new developments in the Columbus Basin.
The Savannah well was drilled into an untested fault block east of the Juniper field in water depths of over 500 feet, approximately 80 km off the south-east coast of Trinidad. The company expects to develop these reservoirs via future tie-back to the Juniper platform that is due to come onstream mid-2017. Meanwhile, the Macadamia well was drilled to test exploration and appraisal segments below the existing SEQB discovery which sits 10 km south of the producing Cashima field. Combined with the shallow SEQB gas reservoirs, the Macadamia discovery is expected to support a new platform within the post-2020 timeframe.
In other news, bpTT’s Angelin offshore gas project has been given the go-ahead. The project will feature the construction of a new platform located 60 km off the south-east coast of Trinidad, and will include four wells. Angelin will have a production capacity of approximately 600mn cf/d of gas, which will be carried to the Serrette platform hub via a new 21-km pipeline. Drilling is due to commence in 3Q2018, with first gas expected in 1Q2019.
According to BPTT Regional President Norman Christie, execution of a new gas sales contract with the National Gas Company was key to the project being given the green light. ‘Successful completion of these negotiations was important not only to the sanction of Angelin but will also underpin a further $5bn–$6bn in potential future investments over the next five years,’ he noted. ‘These investments are important to increasing indigenous national gas production and bringing more stability to gas supply to the downstream and Atlantic.’BP’s production from Trinidad was around 300,000 boe/d (or 1.7bn cf/d of gas) in 2016.