Predator Oil & Gas Holdings Plc (LON: PRD) has reported a sharp uplift in production in Trinidad, with daily oil output rising by 19% to 367 barrels per day as of January 4, 2026, compared with 308 barrels per day at the end of November.
The increase follows the successful completion of the BON-17 development well in the Bonasse field, which opened up a new producing zone with a lower water cut, alongside the GY-211 workover in the Goudron field. The latter flowed 221 barrels of oil over 14 hours from an interval that had previously been abandoned.
Highlights
· Daily oil production increased by 19% during the last month
· GY-211 workover in Goudron field initially flowed 221 bopd
· BON-17 in Bonasse field established new producing horizon
· High-potential infield development well and two heavy workovers in Goudron field to commence within the next month
· Fully-funded 2026 work programme
· Strategic geopolitical importance of oil and gas region emphasised by recent events
The company said its 2026 work programme is fully funded and will begin within the next month, featuring a high-impact infield development well and two major workovers in the Goudron field. Predator also pointed to the growing strategic and geopolitical significance of the region’s oil and gas resources.
Paul Griffiths, Chief Executive Officer of Predator, commented:
“The initiation of the fully-funded drilling and well workover programmes at the end of 2025 has seen a material increase in production from Trinidad. We are excited about the potential production capabilities of the new well scheduled for Goudron given the unexpected higher level of production from the GY-211 well workover. We are already ahead of our production target for February 2026.
Trinidad is part of a World Class oil and gas province that has recently assumed greater geopolitical strategic significance. The potential future re-entry of the oil majors to Venezuela could facilitate a return of larger service companies to Trinidad, thereby increasing competitiveness and access to in-country materials and services to lower drilling costs.
Our decision to expand our footprint onshore Trinidad in 2025 has been fully justified and we look to further develop our strategic business opportunities in 2026.”
For further information visit www.predatoroilandgas.com
