BP Trinidad & Tobago (BPTT) today announced that it has made a gas discovery with the Ginger exploration well, offshore Trinidad. The well is expected to be completed by the end of November 2019. The results of the Ginger well will continue to be evaluated following the completion of drilling operations, but initial results are promising.
The Ginger exploration well was drilled into two untested fault blocks east of the Cashima Field in water depths less than 300 feet, approximately 50 miles off the south-east coast of Trinidad. The well was drilled using a jackup rig and has penetrated hydrocarbon-bearing reservoirs in fifteen segments.
“This is positive news for both BPTT and the industry, as these discoveries continue BPTT’s exploration success on the Trinidad shelf following the Savannah and Macadamia commercial discoveries,” said Claire Fitzpatrick,
Regional President for BPTT. “We are continuing to see the benefits of the significant investment we have made in seismic processing and Ocean Bottom Seismic acquisition. The Columbus Basin is a maturing province and the Ginger discovery demonstrates that with the right technology we can continue to uncover further resource potential in the basin. This demonstrates our ongoing commitment to the development of our Trinidad and Tobago operations and the wider industry.”
BP Trinidad and Tobago has a 100 percent working interest in Ginger.
BPTT operates off Trinidad’s east coast. BPTT has 15 offshore platforms and two onshore processing facilities. BPTT is 70 per cent owned by BP and 30 per cent owned by Repsol.
BP press office, London: +44 (0)20 7496 4076, email@example.com
BPTT press office, Trinidad: 623-2862 ext 5355, firstname.lastname@example.org
In order to utilize the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995 (the 'PSLRA'), BP is providing the following cautionary statement. This press release contains certain forward-looking statements – that is, statements related to future, not past events and circumstances – which may relate to one or more of the financial conditions, results of operations and businesses of BP and certain of the plans and objectives of BP with respect to these items. These statements are generally, but not always, identified by the use of words such as 'will', 'expects', 'is expected to', 'aims', 'should', 'may', 'objective', 'is likely to', 'intends', 'believes', 'anticipates', 'plans', 'we see' or similar expressions. Actual results may differ from those expressed in such statements, depending on a variety of factors including the risk factors set forth in our most recent Annual Report and Form 20-F under "Risk factors" and in any of our more recent public reports.
This document contains references to non-proved resources and production outlooks based on non-proved resources that the SEC's rules prohibit us from including in our filings with the SEC. U.S. investors are urged to consider closely the disclosures in our Form 20-F, SEC File No. 1-06262.
Our most recent Annual Report and Form 20-F and other period filings are available on our website at www.bp.com, or can be obtained from the SEC by calling 1-800-SEC-0330 or on its website at www.sec.gov.