bpTT said it is experiencing 'disappointing' results from recent infill drilling which has resulted in a challenge in gas supply to Train 1.
The company posted a statement to social media on Saturday as follows:
"Recent disappointing results from our infill drilling programmes have had a material impact on our forecasted production especially in 2020 and 2021."
"This means there are challenges to our supply of gas to Train 1 after 2019. BP along with Atlantic and its shareholders are working through options for the future of the train. The other three trains remain unaffected."
"BPTT’s exploration and wellwork programmes will continue as planned in 2019 and there is no impact to sanctioned projects, Angelin, Cassia Compression and Matapal."
BPTT president Claire Fitzpatrick said the company remains committed to the development of acreage in the Columbus Basin.
"Despite BPTT’s recent exploration successes such as Savannah and Macadamia and ongoing success in the development of the Angelin field, these recent drilling results remind us that there is inherent uncertainty in the subsurface."
"This is the nature of our business and we will continue to leverage the latest technology to find and develop resources."
"We remain committed to the development of our acreage in the Columbus Basin and will continue to progress the Angelin, Cassia Compression and Matapal Projects as planned.”
The company had announced in July 2018 that it hoped to invest as much as $8 billion dollars in Trinidad and Tobago, in 9 new developments in the next 10 years.
In January 2017 BPTT's Juniper platform journeyed to Trinidad's south coast where it was installed as bpTT’s 14th offshore installation.
The Juniper project is a US$2 billion investment in Trinidad and Tobago and one of BP’s largest start-up projects in 2017.
Meanwhile, the company announced in February 2019 that first gas from the Angelin platform was delivered on time and under budget.
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