Our Assets – West Coast
Trinity has been operating and producing offshore the West Coast of Trinidad since 1999. The assets are operated under two licence agreements (the PGB and BM Licences) with the Ministry of Energy and Energy Industries within the Gulf of Paria.
West Coast Summary
|Assets||Working Interest %||2P Reserves
|West Coast||BM 100% / PGB 70%||2.17||3.45||269|
West Coast production is generated from the Point Ligoure-Guapo Bay- Brighton Marine (“PGB”) and Brighton Marine (“BM”) licence areas.
West Coast net sales averaged 269 bopd in 2022 (2021: 255 bopd) which accounted for 9% of the Group’s total annual average sales. This was a 5% year on year increase on the 2021 average. The increase was achieved through increased swabbing activity via 10 conversions to swab workovers in 2022 (2021: nil) conducted across the assets. Subsequent to the period end, in March 2023, ABM-151, was producing at a managed rate of 140 bopd, higher than the expected range of 60 to 110 bopd, thereby significantly improving the economics of our West Coast assets in 2023.