Block 1a/1b Acquisition E X P L O R AT I O N & P R O D U C T I O N July 2014 EXPLORATION & PRODUCTION
Acquisition Summary Trinity has agreed to acquire an 80% operated interest in Block 1a and Block 1b offshore the West Coast of Trinidad for a consideration of US23 million The blocks are estimated to contain gross resources of 268…
Highlights Sustains Trinitys growth strategy, targeting the basins growing set of stranded assets while diversifying the portfolio into gas production Significant growth in resource base (adds net 36 mmboe 2C resources(1)) Fully…
Asset Location Downstream gas infrastructure New 720 MW power plant Atlantic LNG facility Located 25kms from Trinity operated land base and close to gas market 5
Asset Location (contd.) Construction of new 720MW power plant on the Union Estate completed in 2013 Plant is operational and expected to reach full capacity in June 2014 Trinity operated Brighton Marine onshore facilities…
Development Concept Fully appraised asset with high quality 3D seismic data coverage Expected plateau production rate of 80 mmcf/d (64 mmcf/d net) High quality reservoir with excellent deliverability (porosities of 2035% and…
Trinidad Gas Market Dynamics Supply/demand balance Commentary 5,000 Trinidad has huge downstream gas infrastructure with 11 ammonia plans, 7 4,500 methanol plans and significant other industry Current demand: 4.2 Bcf/d Current…
Corporate Update Q2 average production of 3,613 boepd Impacted by failure ESP at the D9 well, production now restored and runrate at 3,750 boepd B9X well Production test has yielded only gas from gas gap above the Osand To…
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