Tuesday 13 November, 2018

WATCH: bpTT announces new gas find

Bp Trinidad and Tobago (bpTT) has indicated that the energy sector has a bright future ahead. 

In a press conference held on Thursday at the Trinidad Hilton, Bernard Looney, Chief Executive of Upstream at bpTT announced that the company has made two significant gas discoveries with the Savannah and Macadamia exploration wells, offshore Trinidad.

 

The results of these wells have unlocked approximately 2 trillion cubic feet (tcf) of gas in place to underpin new developments in these areas.

The Savannah exploration well was drilled into an untested fault block east of the Juniper field in water depths of over 500 feet, approximately 80 kilometres off the south-east coast of Trinidad. Based on the success of the Savannah well, BPTT expects to develop these reservoirs via future tieback to the Juniper platform that is due to come online mid-2017. 

The Macadamia well was drilled to test exploration and appraisal segments below the existing SEQB discovery which sits 10 kilometres 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.

“This is exciting news for both BPTT and the industry, as these discoveries are the start of a rejuvenated exploration program on the Trinidad shelf,” said Norman Christie, Regional President for bpTT. “We are starting to see the benefits of the significant investment we have made in seismic processing and Ocean Bottom Seismic acquisition. Savannah and Macadamia demonstrate that with the right technology we can continue to uncover the full potential of the Columbus Basin.  This is a testament to BPTT’s ongoing commitment to the development of our Trinidad and Tobago operations and the wider industry, and we look forward to the future portfolio drill-out.”

Loomey also announced a few other recent successes for the company including successful gas contract negotiations with the National Gas Company (NGC) and the sanction for the development of its Angelin offshore gas project.