BP Trinidad and Tobago LLC (bpTT) has started its Trinidad onshore compression (TROC) project, the company said in a news release.
The project, which was sanctioned in July 2016, is one of seven major upstream projects BP plans to bring online this year.
Full startup of the fully-owned BP project will take place over the next few months. When fully onstream, the onshore compression facility will have the potential to deliver about 200 million standard cubic feet of gas per day, BP said in the release. The facility is expected to improve production capacity by increasing production from low-pressure wells in bpTT’s acreage in the Columbus Basin using an additional inlet compressor at the Point Fortin Atlantic LNG plant.
Atlantic LNG Co. of Trinidad and Tobago will serve as the operator.
Recommended Reading
SilverBow Rejects Kimmeridge’s Latest Offer, ‘Sets the Record Straight’
2024-03-28 - In a letter to SilverBow shareholders, the E&P said Kimmeridge’s offer “substantially undervalues SilverBow” and that Kimmeridge’s own South Texas gas asset values are “overstated.”
SM Energy Declares Quarterly Cash Dividend
2024-03-26 - SM Energy’s dividend will be paid out on May 3 to stockholders on record as of April 19.
Matador Stock Offering to Pay for New Permian A&D—Analyst
2024-03-26 - Matador Resources is offering more than 5 million shares of stock for proceeds of $347 million to pay for newly disclosed transactions in Texas and New Mexico.
Par Pacific Asset-based Revolving Credit Bumped Up by 55%
2024-03-25 - The amendment increases Par Pacific Holdings’ existing asset-based revolving credit facility to $1.4 billion from $900 million.
California Resources Corp. Nominates Christian Kendall to Board of Directors
2024-03-21 - California Resources Corp. has nominated Christian Kendall, former president and CEO of Denbury, to serve on its board.