BP Trinidad & Tobago (BPTT) discovered natural gas with its 100%-operated Ginger exploration well offshore Trinidad, the company said in a news release Nov. 15.
Plans are for the well, which was drilled into two untested fault blocks east of the Cashima Field, to be completed by the end of November, the company said.
“The well was drilled using a jackup rig and has penetrated hydrocarbon-bearing reservoirs in 15 segments,” BP said, calling initial results promising.
“We are continuing to see the benefits of the significant investment we have made in seismic processing and ocean bottom seismic acquisition,” Claire Fitzpatrick, regional president for BPTT, said in the release. “The Columbus Basin is a maturing province, and the Ginger discovery demonstrates that with the right technology we can continue to uncover further resource potential in the basin.”
U.S. natural gas producer EQT Corp. said Jan. 13 it would take a non-cash impairment charge of up to $1.8 billion in the fourth quarter driven by record low gas prices.
BW Offshore, a service provider to many petroleum producers, has in recent years built up its own E&P operations through BW Energy, which it plans to spin off first-quarter 2020.
Production from Occidental Petroleum's Permian Basin unit rose 57% to 250,000 boe/d in the fourth quarter, boosted by its investments in the basin.