Energy company Perenco has officially completed the purchase of Greater Angostura ‘s oil and gas production assets from Woodside Energy, strengthening its position as one of the leading oil and gas operators in Trinidad and Tobago.
The integration of oil and gas production assets
As of July 11, 2025, Perenco assumes ownership and operation of the entities responsible for Production Sharing Contracts 2(C) and 3(A), together with their onshore infrastructure. This acquisition includes seven fixed platforms and subsea systems that feed production from the Angostura and Ruby fields.
Currently, these blocks generate approximately 300 million cubic feet per day of natural gas, equivalent to 50,000 barrels of oil equivalent per day (boepd), which represents about 12% of the gas produced nationally.
With this integration, the company brings its operating capacity in Trinidad and Tobago to more than 500 mmscfd of gas and 10,000 barrels of oil per day. This consolidation follows the previous integration of the TSP fields(Teak, Samaan and Poui) and the CAFI blocks(Cashima, Amherstia, Flamboyant and Immortelle). The operating model includes the modernization of mature assets and the exploitation of synergies in production and offshore logistics.
This acquisition is an exciting and promising addition to Perenco’s acreage in Trinidad and Tobago.
It demonstrates our continued commitment and ambition to develop energy resources and contribute to the country’s economic growth.
This milestone will increase our gross production levels to over 100,000 boepd and allow us to further strengthen our partnership with the Government of Trinidad and Tobago.
We are confident that our specific expertise in mature reservoir assets and marginal resources will ensure long-lasting production from the Angostura asset, while prioritizing the safety of our people and environmental sustainability.
We are pleased to welcome our new colleagues to the Perenco family and would like to acknowledge all the players who have contributed to the success of this acquisition.
I would like to thank the Ministry of Energy and Energy Industries and everyone at Perenco and Woodside who worked diligently to make the short transition period a success.
The integration of Greater Angostura will allow Perenco to optimize hydrocarbon processing, transportation and export infrastructure. The company anticipates increased operational efficiency and greater stability in energy supply for the Trinidadian market, with a view to future investments in production technologies and energy transition.
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