PERENCO T&T Ltd (Perenco) has invested $200 million in its first platform, “Macarius Power”, which will be installed in the Teak, Samaan & Poui (TSP) fields, located off the southeast coast of Trinidad and Tobago.

Perenco, an Anglo-French energy company, is operator of the consortium that manages the TSP fields, with a 70% stake acquired in 2016.

The company and its local partners, Heritage Petroleum and the National Gas Company (NGC) launched a three-year platform refurbishment program in early 2021.

A ceremony was held on Thursday afternoon at the Caribbean Dockyard (Caridoc) in Chaguaramas, where the Macarius Power is currently moored.

In a statement released yesterday, Perenco said: “The program aims to modernize the TSP fields, replacing existing gas-lift infrastructure and operations with electric submersible pumps and electrifying all TSP platforms.

“The first phase of this initiative has already increased production by 25%. The next phase of the investment plan includes the installation of Macarius Power, the conversion of gas extraction systems to ESP, produced water reinjection programs and the rehabilitation of wells.

The oil and gas company explained that the Macarius Power, which was previously a drilling rig, was recycled and converted to Caridoc, making full use of the skills and expertise of the local workforce.

“The installation of the Macarius Power, with two gas turbines on board, will provide reliable and clean power supply to the TSP platforms, reducing the overall carbon footprint of TSP operations by 30% over the next three years, in accordance with the sustainable development of this country. development goals,” he noted.

Additionally, the company said that as this project develops, the plan is to fully electrify the remaining platforms and transition to a centralized, low-emission, grid-fired power generation system. gas.

“Perenco is committed to enhancing and developing local resources to support economic growth and human development in the 14 partner countries where it operates. The installation of the platform is just one step in which Perenco affirms its strong commitment to T&T and strengthens its collaboration with projects and investments for a bright and sustainable future,” the company added.

The platform should be installed by the end of this year.

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