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Trinity makes discovery in Trinidad and Tobago

SAN FERNANDO, Trinidad -- Trinity, an independent E&P company focused on Trinidad and Tobago, has announced an oil discovery at its TGAL-1 exploration well within the Galeota license (Trinity 65% operated interest).

The Trinity operated TGAL-1 exploration well was spudded on October 31, 2013, to target an updip extension of the producing Trintes Field. Drilling operations were undertaken utilizing the Rowan Gorilla III jackup rig.

The well intersected five oil bearing reservoir packages including 76 ft of net oil sand in the G-sand, 104 ft of net oil sand in the H-sand, 162 ft of net oil sand in the M-sand, 118 ft of net oil sand in the N-sand and 87 ft of net oil sand in the O-sand.

The well was initially planned to be drilled to a TD of 6,500 ft MD but is currently being plugged and abandoned at 5,694 ft MD as no hydrocarbons nor reservoir quality sand were encountered below the 13-3/8" casing point at 4,362 ft.

Trinity has conducted extensive logging and sampling analysis to assess the reservoir characteristics and oil water contacts, and preliminary management estimates indicate gross OOIP to be in the range of 50–115 Mmbbl of oil. These figures include estimated volumes in the NE TGAL-1 area (previously referred to as GAL-26).

Trinity is now evaluating whether further appraisal of this discovery is required and will shortly commence engineering studies to finalize a development concept to progress the project.

12/10/2013

 

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