Leni Oil and Gas (LGO) has hit the 100,000 barrels milestone for its Trinidad and Tobago exploration.
LGO confirmed it has sold more than 100,000 barrels of Gourdron oil since becoming lead operator of the site in October 2012.
Further development of surrounding wells has also yielded more than 1,000ft of gross bearing sands.
Chief executive Neil Ritson said: “A total of over 100,000 barrels of light high quality crude oil has now been sold to the Petrotrin owned Pointe-a-Pierre refinery in the last 18 months. An upward production trend is set to continue with the redevelopment of the field now underway.
“We have had considerable support from Petrotrin and the Ministry of Energy and Energy Affairs in our efforts to revitalise the Goudron Field and are confident that LGO’s approach can be repeated on other fields which will support of the Ministry’s objective of increasing the proportion of indigenous crude being refined at Pointe-a-Pierre, which last year averaged 81,157 barrels a day.
“The current well GY-664 is exceeding our original prognosis and has now discovered commercially producible oil zones in the both the Goudron and Gros Morne sandstones, the well is now in the Lower Cruse and is expected to reach total depth shortly.”
Earlier this year, the Caribbean-focused explorer was given the go-ahead to begin drilling the first new well in the Gourdron oil field for 30 years.
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