Perenco to acquire gas assets from BP.

Perenco, a producer of hydrocarbon, agreed to acquire gas assets from BP, a British multinational oil and gas company. Financial terms were not disclosed. “This is a welcome opportunity for Perenco to grow our Trinidad and Tobago portfolio, validating our entry into the country in 2016. Over the past eight years, Perenco T&T has completed several ambitious projects at the mature TSP asset and has become a sizeable supplier of gas for the domestic market. We will apply our mature field expertise to develop further the resources from these newly acquired fields. We look forward to welcoming the bpTT employees who will transfer with the assets and are delighted to work together with bpTT towards protecting Trinidad and Tobago’s energy security. We view this as an important milestone in the history of gas supply for T&T,” Armel Simondin, Perenco CEO.