Project Profile
Value: US$109 million
Location: Galeota Block, Offshore Trinidad & Tobago
Production: 750b/d
Start-up Year: 2015
EG8 is located 930m east of a previous discovery, well EG2, which was drilled in 1978 and tested oil and gas. The project will see the upgrade and modifications of the Trintes oil field and will refurbish four offshore platforms. Bayfield has an Exploration & Production contract on 12,000 hectares of the Galeota Block, offshore Trinidad & Tobago\'s eastern coast. Galeota is currently producing 750b/d. Trinity holds a 65% operatorship stake in the prospect, which holds gross unrisked prospective resources of 32 million barrels with a 64% chance of success.
Operators:
Trinity Exploration & Production: Operator with 100% interest
Petroleum Company of Trinidad and Tobago Limited (Petrotrin): 35% royalty interest
Contractors:
Cronus Technology: Consultant contract
Rowan: Drilling contractor using Rowan Gorilla III jack-up