UK-based Bayfield Energy has announced that the first exploration well to be tested in its Galeota licence, off the coast of Trinidad and Tobago, has been suspended as an oil and gas discovery.

The exploration well, EG8, was drilled to a depth of 8,133ft and encountered ten hydrocarbon-bearing sandstone reservoir zones between 1,364ft and 6,000ft below sea level.

Preliminary analysis indicated the vertical thickness of net hydrocarbon-bearing sands totalled 421ft, of which 352ft was gas and 69ft was oil.

Bayfield chief executive Hywel John said: "The results from EG8 add to our confidence in the prospectivity of the Galeota licence and we will continue to focus on the potential for accelerated development and commercialisation of hydrocarbons in the East Galeota area."

Data gathered from logging and sampling, as well as a mini drill stem test, confirmed light oil and a good quality reservoir with an estimated production potential of more than 1,000 barrels of oil a day.

Bayfield is currently integrating the new well data into the 3D seismic mapping to study the impact on contingent and prospective resources.

The EG8 well is expected to hold development potential of 32 million barrels of oil 69 billion cubic feet of gas in the EG2, EG5 and EG8 central and east fault blocks.

Jack-up drilling rig Rowan Gorilla III, will now be moved to drill the next well on the Galeota licence, EG7.