Perenco Acquires Greater Angostura Assets, Strengthening Trinidad and Tobago’s Energy Sector

Perenco has completed its acquisition of the Greater Angostura oil and gas assets from Woodside Energy, signaling a significant shift in Trinidad and Tobago’s energy sector. This strategic acquisition positions Perenco among the top three natural gas producers in the region, greatly expanding its upstream portfolio that already includes the CAFI fields and the promising Onyx discovery.

In a positive turn, Perenco reported successful drilling activities in the Onyx field in 2025, reinforcing confidence in the long-term potential of its investments. The company has reiterated its commitment to sustainable energy development, emphasizing that the acquired assets will bolster both domestic supply and LNG exports.

Government officials have expressed strong support for the acquisition, viewing it as a vital enhancement for the country’s energy sector. According to a senior energy official, this deal reflects ongoing investor confidence in Trinidad and Tobago’s energy landscape, contributing to job creation, innovation, and economic growth.

The Greater Angostura assets, previously run by Woodside Energy, include critical infrastructure in offshore blocks off the northeast coast of Trinidad. Their integration into Perenco’s operations is expected to improve production efficiency and expedite development initiatives. As global energy markets continue to change, this acquisition reinforces Trinidad and Tobago’s status as a significant gas hub in the Caribbean and Latin America.