Perenco is pleased to announce the acquisition of a 70% interest in the Teak, Samaan and Poui Block (“TSP”) in Trinidad and Tobago. The interest in the fields, located offshore south east of Trinidad...More..
2016/12/09New country entry with acquisition of th...
Perenco is pleased to announce the acquisition of a 70% interest in the Teak, Samaan and Poui Block (“TSP”) in Trinidad and Tobago. The interest in the fields, located offshore south east of Trinidad, has been bought from Repsol E&P T&T Ltd, a subsidiary of Repsol SA, the Spanish integrated global energy company. Perenco will be operator of the TSP assets, where current production is in the region of 14 000 bopd barrels of oil equivalent per day.
The capacity of Perenco to operate mature fields and enhance economical production in a low oil price environment was well received by the local authorities and the TSP Partners. The completion of this acquisition opens the door to future collaborations and opportunities in Trinidad & Tobago.
Commenting on today’s announcement, Perenco’s CEO, Benoît de la Fouchardiere, said:
“We are very pleased to be entering Trinidad & Tobago with the acquisition of a 70% interest in the Teak, Samaan and Poui fields. Maintaining production from ageing assets is a core Perenco competence, and this transaction highlights Perenco’s delivery of our operator led strategy. We look forward to a long partnership with Trinidad & Tobago and welcome the former Repsol employees to Perenco.”
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Yaoundé, Cameroon, 27th November, 2015 - Gazprom Marketing & Trading Singapore Pte Ltd (“GM&TS”), Société Nationale des Hydrocarbures (“SNH”), Perenco Cameroon S.A. (“PERCAM”), Golar Hilli and Golar Cameroon (“GOLAR”) are pleased to announce the signing of an eight year floating liquefied natural gas project, off the coast of Kribi, Cameroon.
The project is based on the allocation of 500 BCF of natural gas reserves to be supplied by SNH and PERCAM from the Sanaga Sud and Ebome fields. The FLNG Terminal will be owned and operated by GOLAR via its “Hilli” FLNG vessel currently under conversion at the Keppel Shipyard in Singapore. First LNG deliveries from the terminal are scheduled to commence during the second half of 2017.
Following an international tender GM&TS has been awarded this 1.2 million tonnes per annum FOB LNG sales contract and will be the sole off-taker from the FLNG terminal.
On the basis of the foregoing, SNH and Perenco Cameroon are happy to announce the Final Investment Decision (“FID”) for the FLNG project.
The project represents an outstanding industry initiative bringing off-shore liquefaction solutions to monetize previously unexploited or marginal natural gas accumulations. Commercial innovations and optimisations in the upstream, mid-stream and downstream value chain have been decisive elements leading to the FLNG Project’s FID.