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BPTT says time contraints will prevent it from reaching goal of all local input in Angelin Gas Field project

Unknown-17BPTT says time constraints will prevent it from reaching its goal of all local input in the Angelin Gas Field project.

 

In a release yesterday BPTT said progress continues on the completion of a gas sales agreement with NGC as a prerequisite to the sanction of Angelin.

 

It says BPTT continues to pursue all options to maintain the project schedule and first gas goal of early 2019 as a priority to ensure that gas supply volumes are maintained in 2019 and beyond.

 

BPTT says it remains fully committed to maximizing local content in all its operations however given the compressed project timelines and other competitiveness factors for the Angelin project local fabrication is no longer a feasible option.

 

It says although the Angelin platform will not be fabricated in Trinidad, BPTT is committed to maintaining an option of fabrication in-country for future platforms and will be working with local service providers on key competitiveness factors such as productivity.

 

The company says this decision although difficult, was necessary to preserve Angelin’s project schedule.

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