Sendje Berge Arrives at Ceiba Field

Triton Energy Limited announces the Sendje Berge, the floating production, storage and offloading vessel (FPSO) that is the cornerstone of Triton's initial development of the Ceiba Field, has arrived in the Gulf of Guinea.

The first four oil wells Triton drilled in the Ceiba Field, located in Block G off the continental coast of Equatorial Guinea, will soon be hooked up to the FPSO, so that first oil can be achieved by year-end 2000. Ceiba crude will be produced into and sold from the FPSO.

Triton expects the Ceiba Field's production rate to rapidly ramp up to a projected gross rate of 52,000 barrels of oil per day, or about 36,000 barrels to Triton's interest.

"The arrival of the Sendje Berge in the Gulf of Guinea after its 7,600-mile sail from Singapore is another milestone in our development of the Ceiba Field," said James C. Musselman, Triton President and Chief Executive Officer. "In the Ceiba Field, we have installed all of the subsea equipment for the early production system, and three of the four wells have been completed. After we anchor the FPSO, tying in the wells to the FPSO and commissioning will be done to attain first oil by year-end."

Triton is leasing the Sendje Berge from Bergesen DY Offshore AS under a multi-year contract. ABB Offshore Systems fabricated the initial oil and gas processing facilities of the FPSO, which will provide onboard processing capacity of up to 60,000 barrels per day.

"A tremendous amount of work went into the conversion of a Very Large Crude Carrier into the FPSO. We couldn't have reached this landmark without the dedication of Bergesen, Stolt, Cameron, ABB and other contractors who have gone the extra mile in helping us meet this extraordinary timetable for deepwater development," said Musselman. "Equally important is the support of the government of Equatorial Guinea and their commitment to accelerated Ceiba development."

The Sendje Berge, which is being moored in about 300 feet of water 18 miles offshore, is a 275,000 dwt (dead weight tonnes) turbine tanker. The vessel measures approximately 1,150 feet in length and 170 feet in width. The deck area is equivalent to nearly 4 football fields. The vessel's crude oil storage capacity is 2 million barrels.

The Sedco 700 semisubmersible rig is completing Ceiba-1, the last of the four wells that initially will produce oil into the FPSO. "Because the Ceiba Field has high-quality reservoirs, state-of-the-art equipment and techniques are required," said Marvin Garrett, Triton Vice President, Production. "The wells have long perforation intervals and excellent permeabilities, so we've utilized advanced perforation and gravel-pack methods to enhance well productivity. Downhole gauges installed in each well allow us to continuously monitor temperature and pressure to facilitate Ceiba reservoir management. We are very pleased with well clean-up and initial flow-test results."

Triton has an 85% working interest in and is the operator of Block G and the adjacent Block F, which together encompass an area of approximately 1.3 million acres. The Ceiba Field is located in Block G of the Rio Muni Basin, about 22 miles offshore and 150 miles south of the country's capital, Malabo, and off the shore of the city of Bata. Triton's partner in the blocks is Energy Africa Ltd. of South Africa, which has the remaining 15% working interest.