Industry Spotlight – Trident Energy

Trident Energy: Driving Oil and Gas Growth in West Africa

London, UK – January 2025

Africa Oil Week (AOWEnergy) is delighted to highlight the latest operational updates from Trident Energy, a private equity-backed company playing a transformative role in accelerating oil and gas development across West Africa. Trident’s ongoing successes in Equatorial Guinea and its strategic expansion plans underscore the company’s commitment to unlocking the full potential of Africa’s energy resources.

Operational Success in Equatorial Guinea

Trident Energy continues to achieve remarkable progress in its operations in Equatorial Guinea, demonstrating its expertise in revitalizing mid-life assets and delivering value through innovative technologies and efficient resource management:

High-Yield Production from Ceiba Field: The newly drilled C-45 infill well at the Ceiba Field and Okume complex on Block G is already producing over 5,000 barrels per day (b/d) and is set to reach its full production potential in the coming weeks.

OF-19 Infill Well On Track: The second infill well, OF-19, has been successfully drilled and is expected to come online shortly, targeting untapped reserves and enhancing overall production from the block.

Strategic Partnerships Driving Success: Trident operates Block G (40% WI) alongside partners Kosmos Energy (40%), Panoro Energy (14.25%), and GEPetrol (5%). Together, they have demonstrated the value of collaboration in maximizing returns and optimizing resource recovery.

Akeng Deep Prospect on the Horizon: Following the OF-19 project, drilling will commence on the 180-million-barrel Akeng Deep prospect in Block S (34% WI), where Trident partners with Kosmos Energy (34%, operator), Panoro Energy (12%), and GEPetrol (20%).

Expanding Horizons

Trident Energy is leveraging its success in Equatorial Guinea to broaden its portfolio:

Exploration-Driven Growth: The ongoing drilling program emphasizes infrastructure-led exploration opportunities, short-cycle tiebacks, and unlocking value from existing infrastructure.

Strategic Acquisition in Republic of Congo: Trident plans to close its acquisition of producing assets from Chevron and TotalEnergies in the Republic of Congo by 4Q24, marking its entry into a third African country and signaling its ambitions for regional growth.

West Africa: A Beacon for Upstream Investment

While regulatory challenges in other regions, such as the UK, create barriers for upstream development, West Africa continues to thrive as a hub for capital investment. Trident Energy exemplifies the growing trend of junior E&Ps successfully revitalizing assets and driving growth in the region.

Trident’s 2017 acquisition of the Ceiba and Okume assets from Hess, coupled with the deployment of enhanced production techniques such as ESP pumping and targeted infill drilling, has cemented its reputation as a leader in operational excellence.

AOWEnergy’s Vision

Africa Oil Week applauds Trident Energy’s achievements and its pivotal role in accelerating oil and gas development in West Africa. With its forward-looking strategy and commitment to operational efficiency, Trident represents the potential of African upstream projects to drive both local and global energy security.

We look forward to seeing Trident Energy’s continued success in 2025 and encourage industry stakeholders to connect with innovative companies like Trident at AOWEnergy, where impactful deals and partnerships shape the future of Africa’s energy landscape.

For more information on AOWEnergy visit www.aowenergy.com