In a meet­ing aimed at shap­ing the fu­ture of T&T’s en­er­gy sec­tor, Gov­ern­ment of­fi­cials and Peren­co ex­ec­u­tives dis­cussed strate­gies to boost op­er­a­tional ef­fi­cien­cy, dri­ve in­no­va­tion, and se­cure long-term in­vest­ment.

The talks un­der­scored the coun­try’s com­mit­ment to sus­tain­ing pro­duc­tion from ma­ture oil fields while cre­at­ing an en­vi­ron­ment that at­tracts con­tin­ued en­er­gy in­vest­ment, a news re­lease from the Min­istry of En­er­gy yes­ter­day stat­ed.

It said up­dates were giv­en on the re­cent ac­qui­si­tion of the Greater An­gos­tu­ra oil and gas as­sets, along with their pro­duc­tion fa­cil­i­ties as well as in­sights in­to the per­for­mance of ex­ist­ing op­er­a­tions, which in­clude the Cashima, Amher­s­tia, Flam­boy­ant, and Im­mortelle gas fields, as well as plans for the Onyx field lo­cat­ed in the Teak, Samaan, and Poui area.

The dis­cus­sions al­so high­light­ed the on­go­ing ad­vance­ments, po­ten­tial for im­prov­ing op­er­a­tional ef­fi­cien­cy, and col­lab­o­ra­tive ini­tia­tives aimed at fur­ther en­hanc­ing and sus­tain­ing in­vest­ment in the en­er­gy sec­tor in T&T.

En­er­gy Min­is­ter Roodal Mooni­lal al­so high­light­ed the Gov­ern­ment's stead­fast sup­port for Peren­co's ef­forts to pro­long the pro­duc­tive lifes­pan of ma­ture oil fields, while al­so cre­at­ing a favourable en­vi­ron­ment for on­go­ing in­vest­ment in T&T's en­er­gy sec­tor.

The re­lease said Peren­co reaf­firmed its com­mit­ment to work­ing close­ly with the min­istry to en­sure on­go­ing col­lab­o­ra­tion as cur­rent projects ad­vance and new op­por­tu­ni­ties emerge in the lo­cal en­er­gy sec­tor.

In Ju­ly 2025, Peren­co con­firm the com­ple­tion of the ac­qui­si­tion of the Greater An­gos­tu­ra pro­duc­ing oil and gas as­sets and as­so­ci­at­ed pro­duc­tion fa­cil­i­ties from Wood­side En­er­gy in T&T.

The fi­nal­i­sa­tion of the deal, com­bined with Peren­co’s ex­ist­ing op­er­a­tion of the Teak, Samaan and Poui and Cashima, Amher­s­tia, Flam­boy­ant and Im­mortelle fields, aligns Peren­co as a ma­jor oil and gas pro­duc­er in coun­try.

Peren­co has been pro­duc­ing hy­dro­car­bons in T&T since 2016, when it took over op­er­a­tor­ship of the Teak, Samaan and Poui fields, lo­cat­ed off­shore the south-east coast of Trinidad.