BP

BP, through its BP Trinidad & Tobago (BPTT) joint venture, has made two significant gas discoveries with the Savannah and Macadamia exploration wells offshore Trinidad. Together they represent the discovery of 2 Tcf of gas in place. The Savannah well, which was drilled into an untested fault block east of the Juniper field in more than 500 ft of water, encountered approximately 650 ft of net pay in two main intervals. BPTT expects to develop these reservoirs through a future tieback to the Juniper platform that is due to come on line in mid‑2017. The Macadamia well encountered approximately 600 ft of net pay in seven intervals. The discovery is expected to support a new platform development sometime after 2020. BPTT is 70% owned by BP with the remaining interest held by Repsol.


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