Source - SMW
Trinity Exploration & Production said it had submitted the first phase of a field development plan to authorities in Trinidad for the offshore TGAL area.

The plan was the first phase of a potential wider step-out to fully develop the field's reserves potential, estimated at around 700m barrels, the company said.

The first phase currently contemplated the installation of a low-cost 10 well conductor supported platform,  subsea export pipeline, the laying of a subsea power cable and the drilling of horizontal production wells.

A final investment decision was being targeted for the first half of 2020 'at which time the optimal mechanism for financing the development will have been determined and agreed between all stakeholders', Trinity said.

At 8:25am: (LON:TRIN) Trinity Exploration  Production share price was 0p at 15.75p