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Wednesday 19 December 2018
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BP announces sanction of Cassia Compression and Matapal gas projects in Trinidad

BP announces sanction of Cassia Compression and Matapal gas projects in Trinidad
BP Trinidad and Tobago (BPTT) today announced the sanction for two new gas developments offshore Trinidad, Cassia Compression and Matapal

The Cassia Compression project will enable BPTT to access and produce low pressure gas reserves from currently-producing fields in the Greater Cassia Area, maximizing recovery from these existing resources.

 

The project will involve the construction of a new platform, Cassia C, BPTT’s 16th offshore facility. Gas production from the Greater Cassia Area will be routed to Cassia C for compression before being exported via the adjacent existing Cassia B platform. First gas from the facility is expected in 3Q 2021.

 

BPTT Regional President Claire Fitzpatrick said: “The Cassia Compression project will be important in maintaining the stability of Trinidad’s gas production and the supply to downstream customers and Atlantic LNG. The final investment decision for this project was made possible with the conclusion of the first phase of negotiations with the Government of Trinidad and Tobago, which included resolution of several commercial issues.”

 

The Matapal project will develop the gas resources discovered by BPTT in 2017 with the Savannah exploration well. The project will be a three-well subsea tie-back to the existing Juniper platform. With production capacity of 400 million standard cubic feet of gas a day, first gas from Matapal is expected in 2022.

 

Both the Cassia Compression and Matapal projects represent continued investment and development of BPTT’s acreage and will help ensure that BPTT continues to meet its supply commitments to both Trinidad’s National Gas Company and Atlantic LNG. 

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Pasargad Energy Development Co. (PEDC) is an independent energy company based in Iran. PEDC is an integrated energy company whose activities span the entire value chain including exploration, production, refining, petrochemicals marketing, power generation & renewables as well as new high-tech venture capitalizing. Our headquarter is located in Tehran. PEDC is present across the Iranian continental shelf and international market through its subsidiaries. We create value for our shareholders through active investment, high-level monitoring of our projects, building world-class partnership and managing our risks effectively and making balanced portfolio. Meantime, we contribute to the sustainable development of the energy sector and communities in our country. PEDC’s competitiveness relies upon our values-based performance culture, with a strong commitment to transparency, cooperation and continuous operational improvement. As a wholly owned subsidiary of the Pasargad Financial Group, with Pasargad Bank being a distinctive shareholder, we owe our success to our experience, management knowledge and strong local/international partnerships since 2008. PEDC is committed to maintaining sustainability and being recognized as the strategic partner of choice in Iran’s energy and petrochemical sector.​

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  • BP announces sanction of Cassia Compression and Matapal gas projects in Trinidad
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