Bayfield agrees revised sales contract

Bayfield Energy, an upstream oil and gas exploration and production company, has agreed with the Trinidad state oil company, Petrotrin, on revisions to the crude oil sales agreement governing the sale of Bayfield's share of production from the Trintes field, offshore Trinidad.

Bayfield Energy, an upstream oil and gas exploration and production company, has agreed with the Trinidad state oil company, Petrotrin, on revisions to the crude oil sales agreement governing the sale of Bayfield's share of production from the Trintes field, offshore Trinidad.

The revisions are the result of developments in crude markets which mean West Texas Intermediate crude, which is a commonly used marker for crude sales in the Caribbean market, is no longer considered by the two parties to be a fair reflection of the market value of Bayfield's crude.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.