Trinity sells Trinidad and Tobago assets for US$4.5m
11 August, 2017
Independent oil and gas company Trinity Exploration and Production has announced that it will sell producing assets in Trinidad and Tobago to Range Resources for US$4.5m (£3.5m).
The deal includes its entire west coast assets which include the Point Ligoure, Guapo Bay, and Brighton Marine exploration and production licences and related fixed assets.
In 2016, the average daily production from the licence areas was 190 barrels per day, with the blocks they are on estimated to hold 2m barrels of oil.
Following the sale, Trinity will focus on its onshore and east coast assets in Trinidad and Tobago.