LatAmNRG Briefs: BPTT, President Energy, Sempra Energy

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(Energy Analytics Institute, Ian Silverman, 18.Dec.2018) — Heard on the street and other LatAmNRG briefs from BPTT and its sanction for two new gas developments in Trinidad, President Energy’s success at its third well in Argentina, and Sempra Energy’s dividend.

BPTT Announces Sanction Of Cassia Compression and Matapal

(BPTT, 18.Dec.2018) — BP Trinidad and Tobago (BPTT) announced the sanction for two new gas developments offshore Trinidad, Cassia Compression and Matapal.

Both the Cassia Compression and Matapal projects represent continued investment and development of BPTT’s acreage and will help ensure that BPTT continues to meet its supply commitments to both Trinidad’s National Gas Company and Atlantic LNG.

Related stories: BPTT Reports Sanction Of Cassia Compression And Matapal Gas Projects

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President Energy Announces Success At Third Well In Puesto Flores

(President Energy, 18.Dec.2018) — The well, PF0 1005, the third and final new well in the current drilling program has been successfully drilled, logged, cased and cemented to 2,360 meters on time and budget. Both primary and secondary targets have displayed 18 meters of net oil pay to be perforated in line with pre-drill expectation, announced President Energy in an official statement.

The drilling rig is now being demobilized and testing and completion with the workover rig will commence towards the end of this week. The well is anticipated to come on production near year-end.

Related stories: President Energy Reports Success at PF0 1005 Well In Rio Negro

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Sempra Energy Declares Common And Preferred Dividends

(Sempra Energy, 18.Dec.2018) — The Sempra Energy board of directors declared a quarterly dividend of $0.8950/share of common stock. The common stock dividend is payable Jan. 15, 2019, to common stock shareholders of record at the close of business on Dec. 31, 2018.

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