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Perenco has entered into an agreement with Woodside Energy to acquire its Greater Angostura producing oil and gas assets located in the northeast, shallow water offshore Trinidad, its onshore oil terminal and associated production and transportation facilities. Upon completion of a share sale, Perenco will assume control of two Woodside entities, their working interest and operatorship of the 2(C) and 3(A) Production Sharing Contracts.
The Greater Angostura offshore fields, developed by seven fixed platforms and additional subsea facilities targeting the Angostura and Ruby oil and gas fields, produce in excess of 300 MMSCFD, or 50,000 barrels of oil equivalent per day, for the Trinidad & Tobago market (approximately 12% of the national gas production). Building on Perenco’s existing operational presence in the Columbus Basin, the Great Angostura assets are located approximately 40 km north of Perenco’s legacy TSP assets (acquired in 2016).
Commenting on the acquisition Armel Simondin, Perenco CEO, said:
“We are delighted to be further expanding our portfolio in Trinidad & Tobago. Following the recent safe and smooth transition of the CAFI perimeter to Perenco operatorship in late 2024, Perenco has proven itself to be a partner of choice to safeguard the Greater Angostura gas production for Trinidad & Tobago. We welcome the transferring employees to the Perenco family and look forward to an exciting new chapter together.”
Following the closing of the transaction, expected by Q3 2025, Perenco will have consolidated a significant position in the country, with a gross gas production base of more than 500 MMSCFD, that can benefit from significant operational synergies, boost value and enable further investment. Perenco is pleased to be growing its footprint in the country and to increase its contribution towards the local energy supply.