Trinidad and Tobago-focused Trinity terminated its US$23 million agreement with Centrica to acquire the British company’s 80% interest in two offshore blocks.
According to Trinity, it has been unable to extend the term of its agreement to complete the purchase of interests in Blocks 1a and 1b from two subsidiaries of Centrica, however no reason was given.
The two companies signed the deal in July 2014 for the blocks that are located off the west coast of Trinidad that contain four gas discoveries with aggregate gross contingent resources of 268 Bcf of gas.
Map of T&T blocks. From Trinity.
Read more:
Subscribe
