Perenco becomes operator offshore Trinidad and Tobago
Perenco has acquired a 70% operated interest from Repsol in the Teak, Samaan, and Poui block offshore Trinidad and Tobago.
Production from the associated fields, southeast of Trinidad, is currently 14,000 boe/d.
The company says its experience in operating mature fields productively in a low oil price environment was acknowledged by the local authorities, and that the deal should pave the way to further collaborations in Trinidad and Tobago.
Repsol’s employees in the TSP development have agreed to transfer to Perenco.