BP MAKES TRINIDAD GAS DISCOVERY

     (The following press release from BP was received by e-mail and was 
reformatted. The sender verified the statement.) 
BP MAKES TRINIDAD GAS DISCOVERY 
BP Trinidad & Tobago (bpTT) today announced that it has discovered an
estimated 1 trillion cubic feet (tcf) of gas offshore Trinidad, doubling
the estimated gas in place of the Savonette gas field, to 2tcf. 
BPTT made the announcement during a meeting in London between Minister
of Energy and Energy Affairs, Kevin Ramnarine; Trinidad and Tobago's
High Commissioner to London, Garvin Nicholas; and BP representatives
including Bob Fryar, Executive Vice President - Production; Bernard
Looney, Executive Vice President - Developments; and Norman Christie,
President, bpTT. 
The Savonette 4 appraisal well was drilled into an untested fault block
east of the original Savonette field discovery well, in water depths of
almost 300 feet in the Columbus basin approximately 80 kilometres off
the south east coast of Trinidad. The well was drilled to a total depth
of 18,678 feet and penetrated hydrocarbon-bearing reservoirs in two
intervals with discovered gas in place exceeding initial estimates.  
The Savonette field was discovered in 2004 by the Chachalaca exploration
well and began production in 2009 through a normally unmanned platform
built in Trinidad at TOFCO. Based on the success of the Savonette 4
well, bpTT is proposing to drill a further two development wells into
the Savonette reservoirs. 
The gas discovered began production in October 2012, with the Savonette
4 well currently flowing at approximately 225 million standard cubic
feet of gas a day (mmscf/d), ramping up to 250mmscf/d. If successful,
the two additional development wells are also expected to be brought
into production over the next year to eighteen months. 
"This is exciting news for both bpTT and the industry since this
represents the largest discovery for bpTT since 2005," said Norman
Christie.  
"The significant investment in the Savonette 4 well and the potential
further investment in two additional development wells, combined with
the investment in the ocean bottom cable seismic acquisition, is
testament to bpTT's ongoing commitment to the development of our
Trinidad and Tobago operations and the wider industry. This discovery
demonstrates that with the right technology we can continue to uncover
the full potential of the Columbus Basin." 
BP has a 100 per cent working interest in Savonette 4. 
Further information: 
*    BP press office, London: +44 (0)20 7496 4076, bppress@bp.com
*    BPTT press office, Trinidad: 623-2862 ext 5355,
luis.araujo@bp.com 
(kgt)NY