Curtis Williams
OGJ correspondent
PORT OF SPAIN, Mar. 22 -- BP Trinidad & Tobago LLC (BPTT) will offer for sale, through a competitive bid round, its operating interests in Teak, Samaan, and Poui oil fields off eastern Trinidad and Tobago.
The company said it considered the fields' combined 21,000 b/d of oil production insufficient, and selling them would allow it to concentrate on its gas business. The fields represent 4% of BPTT's production off Trinidad and Tobago.
The fields have combined reserves of 40 million bbl. Chairman and CEO Robert Riley said BPTT would retain rights to deep exploration in the fields. The Trinidad and Tobago government retains the right to review potential investors.
