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BP Trinidad & Tobago makes gas discovery

Release date: 15 November 2019

 

 

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.

 

 

Note to editors:

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.

 

 

 

Further information:

 

·          
BP press office, London: +44 (0)20 7496 4076, bppress@bp.com

·          
BPTT press office, Trinidad: 623-2862 ext 5355, luis.araujo@bp.com

 

 

Cautionary statement:

 

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. 

 

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