bp lets subsea contract in Trinidad and Tobago

bp PLC has let a subsea riser contract to Aquaterra Energy Ltd. for the subsea Cypre project off Trinidad and Tobago’s southeast coast. Aquaterra will provide complete end-to-end managed service as a fully independent riser system and connector OEM.

The contract will provide an integrated package of equipment, including rig modifications and personnel for full end-to-end delivery, focusing on enhanced offshore efficiency and improved safety.

The system will be operated from a jack-up rig, supporting gas exploration from seven development wells in about 80 m of water. Drilling activities are expected to commence in 2023 with gas production to begin in 2025.

Cypre gas field, which lies 78 km off the southeast coast of Trinidad within the East Mayaro block in water depth of 80 m, is expected to become bp Trinidad and Tobago’s (bpTT) third subsea development. It will include seven wells and subsea trees tied back into bpTT’s existing Juniper platform via two new 14-km flexible flowlines.

bpTT made the decision in September 2022 to proceed with development of the offshore gas project. At peak, the development is expected to deliver average gas production of 250-300 MMscfd.

Cypre is 100% owned by bpTT, which is owned by BP (70%) and Repsol (30%).