bp Trinidad and Tobago (bpTT) has reached the final investment decision (FID) on the Ginger gas development, marking significant progress in its Trinidad operations.
The company has also made a gas discovery at the Frangipani well in line with its strategy to expand its oil and gas operations.
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Ginger will be bpTT’s fourth subsea project, featuring four subsea wells and subsea trees connected to the existing Mahogany B platform.
The project is expected to commence production in 2027 and is part of bp’s ten major projects set for start-up between 2025 and 2027.
The Ginger development aims for a peak production capacity of 62,000 barrels of oil equivalent per day.
Alongside the Cypre gas project, set to start in 2025, Ginger is part of bpTT’s strategy to maximise production from existing acreage and develop capital-efficient projects using existing infrastructure.
The project aligns with bp’s expected returns from upstream projects and fits within its capital expenditure plans. BP plans to utilise insights from previous subsea projects to ensure a swift and safe market entry for the gas.
bpTT president David Campbell said: “I am very proud to announce these two milestones. With Frangipani, our objective was to prove that our continued progress in exploration and appraisal activity could unlock new fields and investment opportunities for the region.
“And the sanction of Ginger represents our commitment to continuing the development of resources in our existing acreage and to producing the gas that Trinidad and Tobago – and the world – needs.”
Drilling at the Frangipani exploration well revealed multiple stacked gas reservoirs within the same geological structure. BP is currently evaluating options to expedite the discovery’s development.
bpTT holds a 100% working interest in both Ginger and Frangipani.
Ginger is situated approximately 50 miles (80.5km) off Trinidad’s south-east coast in water depths of less than 300ft (91.5m).
Frangipani is located east of the existing Mahogany field, around 50 miles off the south-east coast.
In another development, bp has finalised agreements with Apollo for Apollo-managed funds to take over a 25% non-controlling stake in BP Pipelines (TANAP).
bp TANAP, a subsidiary of bp, holds a 12% interest in the TANAP pipeline, which transports natural gas from Azerbaijan across Türkiye.
