The federal government of Trinidad and Tobago is celebrating what it calls a “very constructive growth” for the nation’s vitality sector following the profitable appraisal of the Onyx Area, operated by Perenco Trinidad and Tobago Restricted.
The Onyx Area, situated offshore within the Columbus Basin between the Teak and Poui fields, has revealed gas-bearing sands after appraisal drilling operations started in January 2025. Perenco, which holds a 70 p.c working curiosity within the discipline, started drilling the ONYX-02B01 appraisal nicely and a deliberate sidetrack on January 17.
Final week, Perenco confirmed the invention of “important columns” of pure fuel in two separate geological compartments on the japanese part of the Onyx Area. The discover, made at a depth of 180 ft, marks a significant milestone for the corporate and doubtlessly for Trinidad and Tobago’s future fuel provide.
“Our goal was to show adequate fuel reserves to unlock discipline growth,” mentioned Gregoire De Courcelles, Basic Supervisor of Perenco Trinidad and Tobago. “The wells’ findings are testimony to the hydrocarbon potential which stays within the TSP acreage and spotlight Perenco’s dedication to offering future provides of pure fuel to Trinidad and Tobago.”
The Onyx Area was initially found throughout exploration drilling within the Columbus Basin and lies throughout the Teak, Samaan, and Poui (TSP) license space—a three way partnership between Perenco TT, Heritage Petroleum Firm Restricted, and the Nationwide Fuel Firm (NGC). Perenco is at the moment reviewing subsurface knowledge, with growth choices anticipated to be evaluated forward of a last funding resolution.
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In an announcement launched on Monday, the Ministry of Power and Power Industries famous that the appraisal outcomes bolster nationwide vitality safety and align with the federal government’s broader objective of maximizing the manufacturing of pure assets.
“We proceed to work with stakeholders equivalent to Perenco to make sure that the event of Trinidad and Tobago’s hydrocarbon potential advantages all residents,” the ministry mentioned.
The profitable appraisal of the Onyx Area presents new hope for revitalizing Trinidad and Tobago’s fuel manufacturing and strengthens the nation’s place as a key participant within the regional vitality panorama.
