Heritage Petroleum Commissions New Well

• Heritage Petroleum Company Ltd has announced the commissioning of its latest offshore oil well, designated as S-938. According to Heritage, this marks a 'significant milestone' in its field development efforts.
• 'Situated within the Soldado East Field, S-938 has an expected average daily rate of 500 barrels of oil per day (bopd), which promises to contribute significantly to the company's revenue,' a release from the company stated.
• 'S-938 is the third well to be put into production after commencing its offshore drilling programme, in line with Heritage's strategy to grow high-margin production. Drilling of S-938 began in August 2023, and after rigorous design and engineering efforts, the topsides were completed in March 2024. This was followed by the requisite inspections and statutory approvals prior to commissioning,' it stated.
• Heritage's chief executive officer, Erik Keskula, stated the strategic importance of S-938, highlighting its role in developing a track record of delivering new offshore wells and facilities to increase production.
• 'Heritage anticipates ongoing benefits from this well and three additional wells that are expected to be commissioned in the coming months. Additionally, as Heritage continues to expand its offshore drilling programme in the third quarter of 2024, the company remains committed to operational excellence, environmental stewardship, and delivering returns to all its stakeholders, including the Government and people of the Republic of Trinidad and Tobago,' it stated.

 (Source: Trinidad Express Newspapers)