Perenco has officially completed the acquisition of the Greater Angostura oil and gas assets from Woodside Energy in Trinidad & Tobago.
This strategic move bolsters Perenco’s position as a key oil and gas producer in the country, complementing its existing operations.
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The deal includes the acquisition of two Woodside Energy entities, their interests in the 2(C) and 3(A) production sharing contracts, and the operatorship of an onshore terminal.
The Greater Angostura offshore fields, which are currently developed by seven fixed platforms and additional subsea facilities, comprise the Angostura and Ruby oil and gas fields.
The fields are significant contributors to the local energy market, producing approximately 300 million standard cubic feet per day (mscfd) or 50,000 barrels of oil equivalent per day (boepd).
Perenco CEO Armel Simondin said: “This acquisition is an exciting, promising addition to Perenco’s acreage in Trinidad and Tobago. It shows our continued commitment and ambition towards developing energy resources and contributing towards the country’s economic growth.
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By GlobalData“This milestone will increase our gross production levels in excess of 100,000boepd and allows us to further strengthen our partnership with the Government of Trinidad & Tobago.
“We are confident that our specific skill in mature field assets and marginal resources will secure long-lasting production from the Angostura asset while prioritising the safety of our people and environmental sustainability.”
With this acquisition, Perenco’s operations in Trinidad and Tobago will see a substantial increase in their gross gas production base to more than 500mscfd and gross oil production to over 10,000 barrels of oil per day (bopd).
In a related development, Perenco Congo recently committed to investing more than $200m (£147.21m) in constructing the Kombi 2 platform on the Kombi-Likalala-Libondo II (KLL II) permit offshore Congo.
The construction of the platform, which includes upcoming drilling phases, is underway at the Nieuwdorp shipyard in the Netherlands by Dixstone.
