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Bayfield prepares for Trinidad well
 British-based Bayfield Energy looks set to spud its first well in Trinidad on its Galeota licence shortly after the Rowan Gorilla III jackup arrived on location.
Bayfield, which launched on London's Alternative Investment Market last summer and whose owners previously sold another exploration start-up Burren Energy to Eni for a reported £1.7 billion n, is to spud the EG8 well within the East Galeota licence area.
The well is aimed at testing Lower Pliocene and Upper Miocene shallow marine sands which were encountered in two previous wells, EG2 drilled in 1978 and EG5 drilled in 1985.
“Both of these earlier wells encountered and tested gas at various levels and EG2 tested oil at a rate of 1,000 bopd from the E sand,” Bayfield points out.
Several primary exploration targets in the EG8 well have been identified by direct hydrocarbon indicators highlighted through reprocessing of 3D seismic data acquired by Bayfield in 2010, the company said.
Rowan Gorilla III is already at the well location and is expected to spud on 28 January, in a water depth of 38 metres (135 feet).
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Aker group grows value Norwegian industrial group Aker ASA says it value rose 16% in the first quarter to NOK 22.5 billion (US $3.74 bn) as its investments – mainly in oil and gas operations rose in value.
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