Perenco has announced 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.

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.

Source: www.worldoil.com