Trinity Exploration & Production hails Trinidad production milestone
Source - SMW
Trinity Exploration & Production said barrel number 30 million had recently been produced from its Trintes field offshore Trinidad.
Trintes was currently producing over 1,000 barrels of oil per day through artificial lift, including electrical submersible pumps and progressive cavity pumps technology.
The field was profitable, the company said, with operating costs of $18.90/bbl and an operating break-even of $24.90/bbl.
'The quality of this asset and our wider offshore portfolio provides us with significant medium to long-term growth opportunities in addition to our proven onshore strategy,' executive chairman Bruce A. I. Dingwall said.
At 8:32am: (LON:TRIN) Trinity Exploration Production share price was -0.45p at 18.45p