Trident Energy

Address: 129 Wilton Road

City: Greater London

State: england

Zip: SW1V 1JZ

Country: GB

Trident Energy is an international oil &a; gas group in 2016 and focused on the acquisition, operation and optimization of international mid-life assets. Central to the business’ investment plans is an equity commitment of $600m led by Warburg Pincus, the global private equity house. They bring more than 50 years’ experience in growth investment to Trident, having supported over 800 companies with more than $60bn of equity. The team at Trident Energy is one of the industry’s most experienced in the science of operating and redeveloping mid-life oil and gas assets. It considers fields that are no longer central to their owners’ strategic goals but can still deliver growth by applying fresh thinking, specialist mid-life experience and technology. With forensic attention to detail, the teams re-interpret subsurface data and leverage the existing infrastructure to redevelop and re-energise fields. Activities range from well-work and drilling to near-field exploration. Trident Energy’s vision is to build a geographically diversified portfolio of sizable and producing mid-life oil and gas assets located onshore and offshore, redeveloping and operating them to world-class standards. The group is primarily focused on Africa and Latin America but is open to opportunities in Europe and Asia. The first acquired assets were successfully taken over from Hess Corporation in 2017. The Okume and Ceiba fields are located in both shallow and deep water in the Rio Muni basin of Equatorial Guinea. At the time of the takeover, the asset was producing 42,000 barrels of oil per day. In just a matter of months, Trident Energy had already increased output by 24% and is continuing to enhance production. The group’s plan in Equatorial Guinea not only delivered initial gains but also outlines years of future cost-effective production increases. To extend the life of fields, the existing infrastructures are leveraged. Complex operating challenges are managed to enable redevelopment and exploration. The focus is then on increasing production and creating new reserves. The Trident Energy team draws on years of field experience and best-in-class reservoir management skills to deliver its plans and create value for all its stakeholders. Trident Energy invests every year to support local projects in Equatorial Guinea. These include a community involvement programme supporting schools, healthcare and skills development, and alongside other companies in the sector, a national institute for technology to train young people in the skills they need to work in the energy industry.

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