Maintenance programme improves reliability

February 4, 2014

BP Trinidad and Tobago’s integrity and maintenance works have led to high plant reliability, the company’s vice president, operations Andre Celestain said on Tuesday February 4.

Celestain was giving an update on bpTT’s activities for 2013 and outlook for 2014 at the Trinidad and Tobago Energy Conference.

“We are already seeing the benefits of the work we have been undertaking over the past months. In 2013 we achieved 98.5% reliability,” Celestain said.
BPTT has undertaken major planned maintenance and integrity work on its facilities over the past two years. This included major work or turnarounds on its Cassia B and Amherstia platforms in 2013. They were both completed safely and ahead of schedule.

BPTT spent approximately US$800 million in capital expenditure in 2013. This included work on its Ocean Bottom Cable Seismic survey and its drilling programme.

Celestain said: “Our activities in Trinidad and Tobago are geared towards achieving long-term success by relentlessly pursuing the opportunities that exist locally and leveraging the knowledge and expertise which reside in BP worldwide. Our understanding of the Columbus Basin is also evolving and this improved understanding is having a knock-on effect on how we approach the development of our Columbus Basin acreage.”

Another success bpTT had in 2013 was the production added through its base management activities which are geared towards bringing wells that have gone offline back into production. The company added approximately 11,000 barrels of oil equivalent a day (boed) of production in 2013 through base well work.

BPTT plans to spend US$1 billion in capital expenditure in 2014, mainly on progressing its Juniper development and its drilling programme which is set to deliver five wells.

Celestain said: “We continue to have confidence in the business over the long-term. That confidence is based on the extensive work that has been undertaken to seek out opportunities. It is also based on the success we have had to date in turning those opportunities into tangible outcomes.”

Note to editors:

BPTT operates in 904,000 acres off Trinidad’s east coast. An affiliate company BPEOC also has Production Sharing Contracts for 899,000 acres in two deepwater blocks off the north east coast. BPTT has 13 offshore platforms and two onshore processing facilities.

Further information:

Danielle Jones, bpTT: +1 868 497-4747
Luis Araujo, bpTT: +1 868 793-3374