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On January 14, executives from PERENCO met with officials from the Ministry of Energy and Energy Industries to discuss their recent acquisition of the Greater Angostura oil and gas assets. This includes the associated production facilities. The meeting is part of an ongoing dialogue between the government of Trinidad and Tobago and stakeholders in the energy sector, as the country navigates changes in its upstream oil and gas industry. PERENCO executives presented details of the acquisition, along with their plans for continued operation and management of the Greater Angostura fields. Ministry officials appreciated the update, highlighting the importance of timely communication as ownership changes transpire within the sector. The ministry will continue to monitor developments to ensure they are aligned with national energy policy, production targets, and regulatory requirements. The acquisition signifies a notable development in the local energy landscape, as mature fields transition to new operators with a focus on sustaining production and maximizing value from existing resources.
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