London-listed Trinity Exploration and Production plc, Britain’s largest gas utility Centrica plc, and the Ministry of Energy and Energy Affairs confirmed yesterday that Trinity will be acquiring Centrica’s 80-per cent operator-ship holding in blocks 1a and 1b in the Gulf of Paria for US$23 million.
This is the second block this week to have been announced to be changing hands. Leni Gas & Oil plc (LGO) Wednesday announced the signing of a binding heads of agreement (HOA) to acquire a 100 per cent interest in the producing Trinity-Inniss field in south-eastern Trinidad, close to LGO’s producing Goudron field for US$5 million payable to Singapore’s Rex International Caribbean subsidiary.