BP Trinidad and Tobago LLC has announced the sanction for the development of its Angelin offshore gas project.
The project will feature the construction of a new platform - bpTT’s 15th offshore production facility - 60 kilometres off the south-east coast of Trinidad in water-depth of approximately 65 metres.
The development will include four wells and will have a production capacity of approximately 600 million standard cubic feet of gas a day (mmscfd).
Gas from Angelin will flow to the Serrette platform hub via a new 21-kilometre pipeline.
Drilling is due to commence in Q3 2018 and first gas from the facility is expected in 1Q 2019.
BPTT Regional President Norman Christie said: “We are pleased to be able to announce the sanction of the Angelin project which was made possible due to the execution of a new gas sales contract with the National Gas Company. Successful completion of these negotiations was important not only to the sanction of Angelin but will also underpin a further US$5-$6 billion in potential future investments over the next five years. These investments are important to increasing indigenous national gas production and bringing more stability to gas supply to the downstream and Atlantic.”
Christie also thanked NGC for its role in facilitating the negotiations: “I would like to recognize NGC for the spirit of cooperation they brought to the negotiating table and working to ensure that the new agreement would benefit the entire gas value chain.”
Angelin was originally discovered by the El Diablo well in 1995 and appraised by the La Novia well in 2006.
BPTT operates in 904,000 acres off Trinidad’s east coast. BPTT has 14 offshore platforms and two onshore processing facilities. BPTT is 70 per cent owned by BP and 30 per cent owned by Repsol.
BP Trinidad and Tobago (BPTT) also announced today that it 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.
The well was drilled using a semi-submersible rig and penetrated hydrocarbon-bearing reservoirs in two main intervals with approximately 650 feet net pay.
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.
The well penetrated hydrocarbon-bearing reservoirs in seven intervals with approximately 600 feet net pay. 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.”
BP Trinidad and Tobago has a 100 percent working interest in Savannah and Macadamia.