Group average net production for 2016 was 2,542 bopd (2015: 2,896 bopd) which represents an overall 12% decline in production levels over the year, but normalised to a net overall (2016: 2,518 bopd vs 2015: 2,832 bopd) 11% decline as the GU-1 asset (2016: 5-month average:57 bopd) was divested in May 2016.
Trinity’s vision and strategy remains unchanged through the continued focus on Trinidad, retaining the integrity of the core producing proved and probable (“2P”) reserves base, investing to grow production and cash flow when appropriate and warehousing further significant resources volumes to monetise in the future.
Trinity is a full-cycle oil and gas company that has grown to become the largest Trinidad & Tobago focused independent energy firm, with a portfolio of onshore and offshore assets in Trinidad.
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© 2014 Trinity Exploration & Production Plc.
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Copyright 2014 Trinity Exploration & Production plc.