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More good news from Touchstone exploration: Cascadura Deep well rich in liquids
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Heritage, EOG sign Gulf of Paria oil exploration deal
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Heritage signs $100 million deal with Government
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Heritage Petroleum obtains license for exploration and production
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Trinidad: Trinity Exploration announces Q4 2020 operational update
21 Jan 2021
Trinity Exploration & Production, the independent E&P company focused on Trinidad and Tobago, has provided an update on its operations for the three-month period ended 31 December 2020.
Q4 2020 Summary
Production levels remained strong during Q4 2020 with volumes averaging 3,206 bopd, yielding a full year 2020 average of 3,226 bopd (2019: 3,007 bopd) in line with market guidance. This represents a 7% increase over the prior year despite the challenges presented by COVID-19 and no new drilling activity taking place during the year. This is the third consecutive year of delivering production growth and meeting our stipulated production targets. Furthermore, the Group s unaudited FY 2020 operating break-even was US$20.5/bbl, meeting the challenging target set in response to the COVID-19 pandemic and being the fifth consecutive year of maintaining a sub-US$30/bbl operating break-even.