The Government of the Republic of Trinidad and Tobago continues to work closely with energy sector stakeholders, Woodside Energy and Perenco, as Woodside has entered into an agreement with Perenco to divest its Greater Angostura assets in Trinidad and Tobago, specifically the shallow water blocks of 2c and 3a which are mainly categorized as ‘mature assets.’

Perenco is known within the energy sector for its expertise in mature asset optimization which makes this announcement positive in the direction of increasing the production of these shallow water blocks.

Perenco has been steadily growing its mature asset portfolio within Trinidad and Tobago as seen with its recent acquisition of the CAFI (Cashima, Amherstia, Flamboyant and Immortelle) assets from bpTT and its development of the Teak, Samman and Poui fields.

Commercial production from Block 2c began in January 2005, through the sale of crude oil and with the sale of natural gas commencing in May 2011. Commercial production from Block 3a commenced in May 2021 with hydrocarbons being processed through Block 2c facilities. Total oil production from these assets to date exceed 87 million barrels whilst total gas production exceeds 2.25 trillion cubic feet. This agreement therefore offers the possibility for extended production given Perenco’s experience in this phase of the hydrocarbon asset lifecycle.

We see this as a very positive development for Trinidad and Tobago. It is an example of continued investment and interest in the pursuit of, and production of, our hydrocarbon resources despite us being a mature province.

The Government of the Republic of Trinidad and Tobago continues to support our energy sector stakeholders, and we continue to work towards maximizing the production of our natural resources and attracting investments that will benefit the citizens of the Republic of Trinidad and Tobago.

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