Trinity Exploration & Production Fire on Trintes Bravo platform (9464V)
April 12 2023 - 2:00AM
UK Regulatory
TIDMTRIN
RNS Number : 9464V
Trinity Exploration & Production
12 April 2023
This announcement contains inside information as stipulated
under the UK version of the Market Abuse Regulation No 596/2014
which is part of English Law by virtue of the European (Withdrawal)
Act 2018, as amended. On publication of this announcement via a
Regulatory Information Service, this information is considered to
be in the public domain.
12 April 2023
Trinity Exploration & Production plc
("Trinity" or "the Group" or "the Company")
Fire on Trintes Bravo platform
Trinity Exploration & Production plc (AIM: TRIN), the
independent E&P company focused on Trinidad and Tobago , can
confirm that at approximately 21:15 local time on Monday 10 April a
generator-related fire occurred on Trinity's Bravo Platform in the
Trintes Field, offshore east coast Trinidad.
Production from the Bravo platform was halted, the fire was then
successfully and quickly extinguished and the platform subsequently
evacuated. As a precautionary measure, production from the other
Trintes platforms, Delta and Alpha, was also shut down.
Four operators were onboard Trintes Bravo at the time of the
incident with two sustaining minor burns and all four impacted due
to smoke inhalation. All four operators received medical treatment
for minor injuries and continue to be monitored.
No hydrocarbons were released into the environment as a result
of this incident .
On Tuesday, 11 April, a multi-disciplinary team was mobilised to
the Bravo platform to comprehensively assess the exact cause and
extent of damage arising from the incident and the remediation
required to return the facility to service. The damage is limited
to a generator with the platform structure and other platform
electricals and equipment in good order. The Company estimates
replacement of the generator and associated repairs on the Bravo
platform will be completed within three to four days and will
initiate production restart in a phased manner once approval is
received from the Ministry of Energy and Energy Industries.
Alpha and Delta crews also conducted precautionary checks ahead
of restarting oil production which commenced late evening on
Tuesday 11 April 2023, with all previously producing wells coming
back online overnight. As is normally the case with any shut down
and restart, well flow rates will be optimised over the coming days
to attain pre-shut-in production levels.
We would like to take this opportunity to thank the Team working
on this incident for their diligence, which facilitated a quick and
resilient response.
Oil production from the Bravo platform accounts for
approximately 350 bopd. Total Trintes field production is
approximately 1,010 bopd.
Further updates will be provided when appropriate.
Enquiries:
Trinity Exploration & Production plc Via Vigo Consulting
Nick Clayton, Non- Executive Chairman
Jeremy Bridglalsingh, Chief Executive Officer
Julian Kennedy, Chief Financial Officer
SPARK Advisory Partners Limited
(Nominated Adviser and Financial Adviser)
Mark Brady
James Keeshan +44 (0)20 3368 3550
Cenkos Securities PLC (Broker)
Leif Powis +44 (0)20 7397 8900
Neil McDonald +44 (0)131 220 6939
Vigo Consulting Limited trinity@vigoconsulting.com
Finlay Thomson / Patrick d'Ancona +44 (0)20 739 0 0230
About Trinity ( www.trinityexploration.com )
Trinity is an independent oil production company focused solely
on Trinidad and Tobago. Trinity operates producing and development
assets both onshore and offshore, in the shallow water West and
East Coasts of Trinidad. Trinity's portfolio includes current
production, significant near-term production growth opportunities
from low-risk developments and multiple exploration prospects with
the potential to deliver meaningful reserves/resources growth. The
Company operates all of its ten licences and, across all of the
Group's assets, management's estimate of the Group's 2P reserves as
at the end of 2021 was 19.73 mmbbls. Group 2C contingent resources
are estimated to be 47.22 mmbbls. The Group's overall 2P plus 2C
volumes are therefore 66.95 mmbbls.
Trinity is quoted on AIM, a market operated and regulated by the
London Stock Exchange Plc, under the ticker TRIN.
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