Trinidad and Tobago Welcomes Perenco’s Acquisition of Key Gas Assets

The Government of Trinidad and Tobago has officially welcomed Perenco’s recent acquisition of the Greater Angostura oil and gas assets from Woodside Energy, positioning the company as a significant player in the region’s gas production. This acquisition places Perenco among the top three gas producers in the country, complementing its existing portfolio, which includes BP’s Cashima, Amherstia, Flamboyant, and Immortelle assets. Notably, Perenco’s recent drilling success at the Onyx well in the eastern part of the Onyx field exemplifies its effective cost management strategy, which extends the production life of mature reservoirs. Minister of Energy and Energy Industries, Dr. Roodal Moonilal, expressed optimism about the collaboration with Perenco to boost production from their assets. The acquisition reflects strong investor confidence in Trinidad and Tobago’s oil and gas sector, highlighting its attractiveness due to established infrastructure and support services for operators like Perenco.