Trinidad and Tobago has assigned a 95% working interest in three undeveloped offshore fields to Enron Oil & Gas Trinidad Ltd.
Enron Trinidad expects to begin producing gas and condensate on the acreage by the end of third quarter 1993. The Enron Oil & Gas Co. (EOG) subsidiary also has a contract to begin supplying 150 MMcfd of gas to Trinidad and Tobago's National Gas Co. by 1995.
The area assigned to Enron Trinidad includes Ibis, Oilbird, and Kiskedee fields and covers a combined 97,000 acres on the South East Coast Consortium block off Southeast Trinidad in the Caribbean Sea. Previous operators drilled seven exploratory or appraisal wells in the assigned area, tests of which yielded commercial volumes of oil and gas.
Enron has begun evaluating the discoveries.
Preliminary plans call for three development wells to be drilled in 1993, the first early in the year from a drilling and production platform set between two gas discoveries in the Kiskadee area. More development could follow, depending upon results of the first three wells.
The project is Enron's first international venture to include a development drilling program.
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