DeNovo Energy Ltd., a subsidiary of Germany’s Proman AG, reported start of natural gas production from Iguana field offshore the west coast of Trinidad and Tobago in the Gulf of Paria. Once fully operational Iguana is expected to produce 80 MMcfd.
Operator of Block 1(a) and Block 1(b), DeNovo fast-tracked the project to production in just less than 3 years. Proman invested $250 million in DeNovo in 2015. Proman is the first downstream group to invest in Trinidad and Tobago’s upstream business (OGJ Online, Mar. 16, 2017).
DeNovo Chief Executive Officer Joel Pemberton said, “Proman has proven great potential from natural gas still exists in Trinidad and Tobago.”