Project Profile
Value: $300
Startup Year: 2014
The project will see the exploration drilling of a production sharing contract offshore Trinidad & Tobago. Block 5c covers 80,041 gross acres and has significant natural gas exploration and development potential.
The phase one work programme will cost US$44 million.
Three wells in the Intrepid field will be drilled, \"Bounty\", \"Endeavour\" and \"Victory\", to evaluate three large separate potential hydrocarbon bearing structures. Each well will be High Pressure wells, drilled to depth in excess of 5000+ meters (16,400+ ft). Each will take 80-100 days to drill and evaluate. Three well drilling program will take 240-300 days to complete.
Intrepid block 5(c)\'s is estimated to hold 650 billion cubic feet in recoverable gas reserves. The probe is located about 96 kilometres offshore five kilometres from a sub-sea tie-in to a pipeline to shore.
Operators:
BG Trinidad & Tobago: Operator with 30% Interest
Centrica: 70 interest