Bayfield Energy leaps after bringing well on production

Bayfield Energy, an upstream oil and gas exploration and production company, has completed well B3 on its Trintes field offshore Trinidad, bringing it on production at a stabilised rate of 536 barrels of oil per day (bopd).

The 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, the firm said.

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The latest reported production rate from the Trintes field has now increased to over 2,300 bopd.

The share price jumped 11.54% to 1.50p by 09:55.

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