PORT OF SPAIN, Trinidad, CMC -The Trinidad and Tobago authorities welcomes the profitable completion of appraisal operations for Perenco Trinidad and Tobago Restricted’s (Perenco) Onyx Area, which encountered gas-bearing sands.
The Onyx Area was beforehand found by way of exploration drilling offshore South East Trinidad within the Columbus Basin between the Teak and Poui fields.
“This subject is operated by Perenco with a 70 p.c working curiosity. Appraisal drilling of this subject commenced on 17 January 2025 through the drilling of the appraisal properly ONYX-02B01, and its deliberate sidetrack,” the Ministry of Power and Power Industries mentioned in an announcement.
Earlier this week, Perenco mentioned it discovered “vital columns” of pure gasoline in two separate geological compartments on the japanese a part of the Onyx subject, an undeveloped gasoline subject.
In an announcement, Perenco mentioned the gasoline discovery was made at a depth of 180 ft between the Poui and Teak fields and that it’s presently reviewing subsurface data.
“Improvement choices are anticipated to be evaluated to maneuver the invention towards a last funding resolution,” it mentioned.
“Our goal was to show enough gasoline reserves to unlock subject growth. The wells’ findings are testimony to the hydrocarbon potential which stays within the TSP acreage and highlights Perenco’s dedication to offering future provides of pure gasoline to Trinidad and Tobago,” mentioned Perenco’s common supervisor, Gregoire De Courcelles, who described the invention as a major milestone within the firm’s imaginative and prescient for TT.
The Teak, Poui, and Samaan fields (TSP) are underneath license by a three way partnership between Perenco TT, Heritage Petroleum Co Ltd, and the Nationwide Gasoline Firm (NGC).
De Courcelles thanked the companions for his or her assist of the challenge.
In its assertion, the ministry mentioned it “views these findings as a really optimistic growth for Trinidad and Tobago’s vitality sector as we proceed to work with stakeholders reminiscent of Perenco to maximise the manufacturing of our pure assets for the good thing about the residents of the Republic of Trinidad and Tobago.”