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.
NGC signs gas deals with Trinity, Touchstone
Paul Baay, CEO of Touchstone Exploration.
THE National Gas Company TT (NGC) signed on to multiple deals with other energy companies for exploration and supply purposes.
In separate releases, NGC announced that it will engage in a supply deal with Primera Oil and Gas Ltd, and memorandum of understanding for exploration in TT waters and possibly even further, with Trinity Exploration and Production.
NGC said their gas supply deal is with a subsidiary of Touchstone Exploration, and the deal was signed last week. Paul Baay, CEO of Touchstone said the agreement will provide a stable multi-decade revenue stream for their company and NGC president, Mark Loquan said the deal signaled an important milestone in TT’s gas story.
Trinidad: Trinity signs MOU with the National Gas Company of Trinidad and Tobago to explore and develop new energy projects
17 Dec 2020
Trinity Exploration & Production has signed a memorandum of understating ( MOU ) with
The National Gas Company of Trinidad and Tobago ( NGC ), to explore and develop new projects to enable energy transition in Trinidad and, potentially, in the wider Caribbean and Latin America.
NGC has been in operation for over 45 years and is strategically positioned in the upstream and midstream of the natural gasvalue-chain in Trinidad and Tobago. Its core business activities involve the aggregation, purchase, compression, transmission, sale and distribution of natural gas to industrial and commercial users. It also has non-operated interests in upstream producing assets, both oil and gas.
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