Enron's gas find off Trinidad the company's biggest

Enron's Discovery Off Trinidad [77,304 bytes] Enron Oil & Gas Co. (EOG) has reported a major gas strike off Trinidad and Tobago that it claims is the biggest discovery in company history. EOG reported its first well on its Omega prospect on the U(a) block off southeastern Trinidad cut 400 ft of pay in multiple zones and flowed on restricted test at rates of 32 MMcfd of natural gas and 875 b/d of condensate. EOG spokesman Hardie Davis said that, based on initial estimates, the discovery is

July 27, 1998

2 min read

Enron's Discovery Off Trinidad [77,304 bytes]

Enron Oil & Gas Co. (EOG) has reported a major gas strike off Trinidad and Tobago that it claims is the biggest discovery in company history.

EOG reported its first well on its Omega prospect on the U(a) block off southeastern Trinidad cut 400 ft of pay in multiple zones and flowed on restricted test at rates of 32 MMcfd of natural gas and 875 b/d of condensate.

EOG spokesman Hardie Davis said that, based on initial estimates, the discovery is expected to contain gross natural gas reserves ranging from 600 bcf to 1 tcf.

The find lies near EOG's SECC Block, currently under development in 230 ft of water.

Additional reserve potential is present in multiple prospects on U(a) block and will be delineated over time.

Formation age and drilling depth data were not disclosed, but Davis said, "I can tell you, once we're in full production, the unrestricted rates could be more than double the current 32 MMcfd restricted flow.

"The company plans more wells as part of the U(a) block development," Davis said. "The drilling rig used, however, is moving off the block due to contract limitations, but another rig will be available to EOG, and plans are to use that rig over the next 6-12 months for both the development of existing SECC properties and for the delineation of the U(a) discovery.

No development plans are in place yet for the U(a) block discovery.

EOG has a 95% working interest in Block SECC, which includes three fields: Kiskadee, with current production of 168 MMcfd of gas and 3,300 b/d of oil; Ibis, under development with plans to drill a deeper-pay test there late in 1998 or early in 1999; Oil Bird, which the company plans to develop at some time in the next several years.

EOG has independent rights to market gas from U(a) block and is in contract discussions. Davis said that "the market potential for gas is quite good" in Trinidad and Tobago's growing domestic market. He said domestic demand should grow by 40% by 2000, noting that a number of new ammonia/urea plants are planned.