Block G well onstream, offshore Equatorial Guinea

Trident Equatorial Guinea Inc, as operator of Block G, is pleased to announce the C-45 infill well is successfully producing since it first came online on 15th of October and has a current rate in excess of 5,000 barrels per day, as per our pre-drill expectations. It will continue to ramp up production to reach its full potential.

The C-45 was the first of two infill wells at the producing Ceiba Field and Okume complex and was drilled with the Noble Venturer drill ship in 800m water depth to a total depth of 3,148m, encountering 142m of high quality, oil saturated, reservoir sands in an un-swept zone of the Ceiba field, in line with expectations.

The second well, OF-19, in the Okume Complex has been drilled in water depth of 450m to a depth of 2,195m and will be online shortly.

Both wells are the result of extensive field studies, seismic surveys and simulations conducted by multi-disciplinary teams to identify and evaluate areas of undrained oil. These results demonstrate our technical capabilities to identify opportunities, deliver a deep water well drilling campaign and extract value from mid-life assets.

Trident Energy holds a 40% participating interest in Block G. Other joint venture partners in Block G are Panoro, Kosmos Energy and GEPetrol.

Following conclusion of the OF-19 infill well, the Noble Venturer drill ship will move to drill the Kosmos Energy operated Akeng Deep infrastructure led exploration (“ILX”) well in Block S where Trident Energy holds a 34% participating interest.

Julien Vuillemet, General Manager of Trident Energy Equatorial Guinea, commented: “We are pleased to have safely and successfully delivered the C-45 subsea infill well, a first for Trident Energy. This represents an important step towards our plan of unlocking further value from mid-life assets, a key component in our organic growth plan for Equatorial Guinea.”