Trinity Exploration & Production said in a 2023 Q1 operational update that wellsite preparation for the onshore deep Jacobin well is underway, with the prospect expected to be spudded in late April.
The company has a 100% interest in the Palo Seco area sub-licences, where nine deeper prospects have already been mapped.
Jacobin will be the deepest (~9800 ft TVDSS TD) onshore oil well in Palo Seco region in over a decade. The Jacobin well has been designed to test an extensive and lightly-drilled Miocene age deeper turbidite play across the prolific southern onshore basin and will provide Trinity with critical new data on this extensive play and the wider Palo Seco acreage.
The well objective is a structural prospect defined on 3D seismic. The well will target mean oil in–place volume of 5.7 million barrels and an upside (P10) case of over 10 million barrels in-place.
Jeremy Bridglalsingh, Chief Executive Officer of Trinity, commented: “The Jacobin well is an important catalyst for Trinity, significant in itself but also the first part of an extensive play where we have mapped multiple further independent targets across our existing, relatively mature, onshore acreage as well as having further relevance with respect to the Buenos Ayres block which we have bid for in the onshore bid round.”
Decisions on the awardees for the Trinidad onshore and nearshore bid round, which garnered favourable interest, are expected later this month.
