Columbus, the oil and gas producer and explorer with operations onshore Trinidad and Suriname, announces the extension of the Inniss Trinity Incremental Production Service Contract ("Inniss Trinity IPSC") to allow for the implementation of the CO₂ Pilot Project and to replace the existing minimum work obligations with the CO₂ Pilot Project.

Highlights

• Extension of the Inniss Trinity IPSC from January 2020 to December 2021
• Revision of Minimum Work Obligation to replace the drilling of 7 development wells with the CO₂ Pilot Project

Leo Koot, Executive Chairman of Columbus, commented:
"The Company is pleased to have secured an extension to the Inniss Trinity IPSC to allow for the implementing of the CO₂ Pilot Project. We believe the CO₂ Pilot Project will give all parties a valuable insight into an alternative enhanced oil recovery mechanism for Trinidad and has the potential to transform oil & gas operations in the Inniss-Trinity field and in similar fields in Trinidad.  In recognition of this, implementation of the CO₂ Pilot Project will replace the existing Minimum Work Obligation of drilling 7 development wells.  We look forward to working with the Ministry, Heritage and Predator to implement the CO₂ Pilot Project."

Link to Columbus Energy Trinidad and Tobago country profile