Petrotrin in Soldado strike

Oil strike: Petrotrin claims biggest find in 10 years

AFP/SCANPIX

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By Noah Brenner

 30 March 2012 21:43 GMT

Trinidad & Tobago’s state-run oil producer Petrotrin has made its largest oil find in 10 years with the discovery of an estimated 48 million barrels of oil off Trinidad’s south-west coast.

The find, which prime minister Kamla Persad-Bissessar dubbed Jubilee, lies within the Petrotrin-operated Soldado license on the Trinmar block four miles offshore in about 60 feet of water.

The company drilled five wells to appraise the find and four of the five came on at initial rates of about 700 barrels per day, Petrotrin president Khalid Hassanali told local media at a press conference. 

The oil is said to be a mix of both heavy and light crudes.

Petrotrin plans to bring the existing wells on production in the next year and continue to explore prospective reservoirs in the area. …

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