Trinity Exploration & Production Plc has secured an agreement with Centrica Plc to acquire its 80% interests in Block 1a and 1b offshore the west coast of Trinidad for a headline consideration of $23 million. The assets contain four gas discoveries with aggregate gross 2C resources of 121 Bcm (268 Bcf) or 97 Bcm (215 Bcf) net, a press release said.
The gas is fully appraised but currently undeveloped. There are six wells and a high-quality 3-D dataset on the assets.
Trinity is targeting first production from this project in 2017-2018 for sale to the domestic gas market.
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