13 Jul 2012 07:00

13 July 2012
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Bayfield Energy Holdings plc
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Operational Update - Trintes Field
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Bayfield Energy Holdings plc (AIM ticker: BEH), an upstream oil and gas exploration and production company with interests in Trinidad and South Africa, is pleased to provide an operational update on its Trintes field offshore Trinidad.
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As part of the ongoing development drilling programme in the Trintes field, well B3 has been completed and brought on production achieving a stabilised rate of 536 barrels of oil per day (bopd). This well confirms the production potential of the M Sand in the south-west part of the field where three further development wells are planned to be drilled this year.
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Following the completion of B3, Rig #2 will undertake a programme of workovers to replace pumps on six production wells on Bravo platform. The programme is targeted at achieving additional incremental production of 250-300 bopd and is also expected to increase the reliability of these wells by eliminating all dependence on ageing hydraulic powered oil pump systems.
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The latest reported production rate from the Trintes field has now increased to over 2,300 bopd.
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 Bayfield Energy |  +44 (0)20 7920 2330 |
Hywel John, Chief Executive Officer | |
 Seymour Pierce |  +44 (0)20 7107 8000 |
Jonathan Wright/Stewart Dickson (Corporate Finance) | |
FirstEnergy Capital LLP | + 44 (0)20 7448 0200 |
Derek Smith / Hugh Sanderson | |
M:Communications | |
Patrick d'Ancona | +44 (0)20 7920 2347 |
Andrew Benbow | +44 (0)20 7920 2344 |
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