Asset Profile: Goudron

Summary Information

Asset Goudron
Location Onshore, South-east Trinidad
Ownership 100%
Operator Challenger Energy
Stage Production
Asset Type Enhanced Production Sharing Contract
Recoverable Resource* 1.6 mmbbl
Current Production 220 to 250 bopd
Cumulative Production ~6 mmbbl
Fiscal Regime Royalty
Tenure 10-year licence until 2030

 

*  2P + 2C Recoverable

Asset Description

  • Discovered in 1927 and developed by Texaco between 1956 – 1986
  • Located onshore South-eastern Trinidad
  • Direct access to Petrotin / Heritage export pipeline

 

Technical Highlights

  • 45-50 active wells
  • Producing high quality 35-55 API oil from the Mayaro & C sands
  • Well stock in excess of 100 wells
  • Reservoir well suited to application of enhanced oil recovery techniques

Near Term Milestones

  • Well optimisation and workovers to increase production
  • EOR programme comprising waterflooding
  • Increase production by ~100 bopd

Share Price

19/06/2021

2.75

Share Price Performance

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