BP doubles gas estimate at Trinidad and Tobago's Savonette field

  • BP Trinidad and Tobago (BPTT) has doubled the estimated gas in its Savonette field off the east coast of the Caribbean nation after discovering an estimated 1 trillion cubic feet (tcf) of gas in the offshore field.

    Based on the success of the Savonette 4 well, BPTT may drill two more development wells in the Savonette reservoirs, a company official said on Monday.

    "This is exciting news for both BPTT and the industry since this represents the largest discovery for BPTT since 2005," said BPTT's President Norman Christie.

    BPTT operates 13 offshore platforms and one onshore processing facility in Trinidad and Tobago, which produce around 450,000 barrels of oil a day.