French independent Perenco is investing $200 million to modernise operations at a trio of producing fields offshore the Caribbean country of Trinidad & Tobago.

The company held late last week the launch ceremony of the Macarius Power platform, the first unit to be installed in the Teak, Samaan and Poui (TSP) fields since the 1980s.

Perenco and project partners Heritage Petroleum and Tobago National Gas Company launched in early 2021 a three-year investment initiative to replace existing gas-lift infrastructure and operations with electric submersible pumps and electrification of all TSP platforms.