Stay Connected

Niko to operate 2AB block offshore Trinidad

Offshore staff

CALGARY, Canada -- Niko Resources has signed an agreement with Centrica to acquire a 26% interest and operate the shallow water block 2AB offshore Trinidad. Both the assignment of the interest and the operatorship are subject to approval from the government of Trinidad and Tobago.

The final equities in block 2AB will be Niko Resources with 26%, Centrica with 29.25%, Voyager Energy with 9.75%, and Petroleum Co. of Trinidad and Tobago (Petrotrin) with 35%.

Block 2AB is near the Angostura producing oil and gas field, which has reserves in excess of 100 MMbbl of oil and 1 tcf of gas.

07/09/2009

Related Articles

Energy reforms in Mexico clear hurdle, but foreign investment could be slow to follow

Dec 13, 2013 After months of contentious debate, a proposal to amend Mexico’s constitution to allow greater participation by international oil companies in the country’s energy sector has been approved by lawma...

CEPSA farms into Suriname block 53

Dec 12, 2013 Apache Corp. reports  that CEPSA Suriname SL has farmed in to a 25% participating interest in Suriname's block 53, an 867,117-acre (3,509 sq km) area located in 1,640–5,900 ft (500–1,800 m) of...

Trending News

OTC 2014: Orga to launch new digital offshore navigational aid system

Apr 24, 2014

Orga Offshore is introducing its next-generation offshore platform marking and warning system at the Offshore Technology Conference in Houston, May 5-8.

OTC 2014: Cobham Life Support to unveil maritime safety system

Apr 24, 2014

Cobham Life Support is introducing its new maritime safety system, Survivor+, at this year’s OTC.

Reef Subsea restructures into three independent businesses

Apr 24, 2014

Reef Subsea is reorganizing to create three independent companies: Reef Subsea, X-Subsea, and Technocean Subsea.

Nexen appoints CEO

Apr 24, 2014

Nexen Energy ULC, a wholly-owned subsidiary of CNOOC Ltd., has appointed Fang Zhi as CEO.

OTC 2014: Distinguished Achievement Award recipients announced

Apr 23, 2014

The Offshore Technology Conference has revealed the recipients of this year’s Distinguished Achievement Awards.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

View more Job Listings >>