In 2017 we took over our first asset from Hess Corporation, in partnership with Kosmos Energy.
We identify opportunities to improve production through topside improvements, such as the Foxtrot Compression Project. As part of the gas injection network integration (GINI) light project (see latest Sustainability Report), this initiative aims to reduce routine flaring, lower platform pressure, and increase production.
Within the Okume complex, 10 wells have been converted from artificial gas lift to electric submersible pumps. These wells now contribute approximately 50% of the total production. Within the Ceiba field, the subsea multiphase flow pumps have been optimized by introducing a demulsifier, which has resulted in increased multiphase pump (MPP) revolutions per minute (RPMs), lower system pressure, and boosted production.
We conduct drilling programs, both shallow and deepwater, in Equatorial Guinea to boost production from existing assets and discover new reserves. In 2021, we implemented a shallow water drilling program, successfully drilling three wells which yielded excellent results. In 2024, we completed a deepwater drilling program at depths of up to 900 meters. The newly drilled well, C-45, is our highest performing well to date, achieving a peak production rate of above 7,000 barrels of oil per day (bopd).
Two exploration prospects were identified and drilled in Block S on behalf of our partners. The Asam well (S-5) reached a total depth of 4,400 meters in 2019 with favorable results. The Akeng deep well (S-6) reached a total depth of 4,030 meters in 2024, resulting in sub-commercial quantities of oil and was subsequently plugged and abandoned.
The Ceiba Field and Okume Complex are located in the Gulf of Guinea, spanning water depths of 25 to 800 meters. These assets have been producing under Trident Energy’s operatorship since 2017.
Trident Energy operates the Ceiba Field and Okume Complex with a 40.375 percent equity share.
Trident Energy holds a 34 percent non-operating interest, with Kosmos Energy as the operator.
Invested 57 million dollars in Okume Central to enhance water injection and power capacity.
Installed the first-ever Electrical Submersible Pumps (ESPs) in Equatorial Guinea improving well integrity and production rates. These are still working well today.
Upgraded the Ceiba field gas lift system with three permanent structures, including a distribution unit and two choke skids.
Launched a new deep-water drilling campaign in 2024 following a successful 2021 campaign, further enhancing production.
Delivered a 37 percent increase in production since takeover, achieving consistent operational performance.
Julien Vuillemet, General Manager, Trident Energy Equatorial Guinea Inc“Since our takeover in 2017, we have built a strong team in country, increased production together with our partners and delivered 37% more oil – a fantastic result and proof of strategy. We continue to build on our investments. This includes the completion of our 2024 deepwater drilling program, delivering several work over operations to drive efficiency and contributing to several community projects to unlock opportunities.”