Trident Energy: Company Profile

Background

Overview

Trident Energy is an international oil and gas company specializing in the acquisition, operation, and optimization of mid-life assets. Established in 2016 and headquartered in London, the company focuses on revitalizing mature oil and gas fields to enhance production and extend their operational lifespans. Trident Energy operates in regions including Equatorial Guinea, Brazil, and the Republic of Congo.

Mission and Vision

• Mission: To unlock the potential of mid-life oil and gas assets by applying innovative thinking and leveraging deep expertise, thereby creating lasting value for stakeholders.

• Vision: To build and develop a diverse portfolio of mid-life oil and gas assets, unlocking each asset’s full potential to create lasting value in the communities where the company operates.

Industry Significance

Trident Energy plays a pivotal role in the energy sector by focusing on mid-life assets, which are often overlooked by larger operators. Through strategic acquisitions and operational enhancements, the company contributes to energy security and economic development in the regions it serves.

Key Strategic Focus

Core Objectives

• Asset Optimization: Enhancing the performance and efficiency of acquired assets to maximize production and reserves.

• Sustainable Development: Implementing practices that ensure long-term value creation for stakeholders, including local communities and investors.

Areas of Specialization

• Mid-Life Asset Redevelopment: Focusing on revitalizing mature oil and gas fields to extend their productive life.

• Operational Efficiency: Applying innovative techniques to optimize production and reduce operational costs.

Key Technologies Utilized

• Enhanced Oil Recovery (EOR): Techniques such as water injection and infill drilling to boost production from mature fields.

• Digitalization: Utilizing data analytics and digital tools to monitor and optimize asset performance.

Primary Markets and Conditions Targeted

• Mature Oil and Gas Fields: Assets that have plateaued in production and require revitalization.

• Emerging Markets: Regions with untapped potential for mid-life asset development.

Financials and Funding

Funding History

Trident Energy has secured significant investment to support its growth and operational initiatives.

Total Funds Raised

The company has raised substantial capital through equity commitments and financing facilities.

Recent Funding Rounds

• February 2022: Quantum Energy Partners became a significant investor, committing to a $400 million line of equity alongside Warburg Pincus and existing minority shareholders.

Notable Investors

• Warburg Pincus: A global private equity firm with over 50 years of growth investment experience, having invested over $10 billion in the energy sector across more than 50 ventures.

• Quantum Energy Partners: A leading capital provider across the energy ecosystem, spanning both traditional and sustainable energy sectors.

Utilization of Capital

The raised capital is primarily allocated towards:

• Asset Acquisition: Purchasing mid-life oil and gas assets in target regions.

• Operational Enhancements: Investing in technologies and processes to optimize asset performance.

• Sustainability Initiatives: Implementing environmental, social, and governance (ESG) practices to ensure responsible operations.

Pipeline Development

Key Pipeline Candidates

Trident Energy focuses on acquiring and revitalizing mid-life oil and gas fields, with notable assets in:

• Equatorial Guinea: The Ceiba and Okume fields, acquired in 2017, are central to the company's operations in the region.

• Brazil: The Pampo and Enchova clusters, acquired in 2020, represent significant assets in the company's portfolio.

• Republic of Congo: Assets including the Nkossa, Nsoko II, and Lianzi fields, with participation in the Moho-Bilondo field, acquired in 2024.

Stages of Development

• Exploration: Conducting seismic surveys and geological studies to assess potential reserves.

• Development: Drilling wells, installing infrastructure, and initiating production.

• Optimization: Implementing EOR techniques and digital tools to enhance production.

Target Conditions

The company targets mature oil and gas fields that have plateaued in production and require revitalization to extend their operational life.

Anticipated Milestones

• Short-Term: Completion of seismic surveys and drilling campaigns in new assets.

• Medium-Term: Implementation of EOR techniques and digital optimization strategies.

• Long-Term: Achieving sustained production growth and operational efficiency across the portfolio.

Technological Platform and Innovation

Proprietary Technologies

• Enhanced Oil Recovery (EOR): Techniques such as water injection and infill drilling to boost production from mature fields.

• Digitalization: Utilizing data analytics and digital tools to monitor and optimize asset performance.

Significant Scientific Methods

• Reservoir Simulation: Modeling subsurface conditions to predict reservoir behavior and optimize recovery strategies.

• Data Analytics: Analyzing operational data to identify inefficiencies and implement corrective measures.

AI-Driven Capabilities

While specific AI-driven capabilities are not detailed, the company's focus on digitalization suggests the integration of advanced data analytics and machine learning techniques to enhance decision-making and operational efficiency.

Leadership Team

Executive Profiles

• Jean-Michel Jacoulot: Chief Executive Officer and Executive Director. Co-founded Trident Energy in 2016. Previously served as CEO at Perenco from 1995 to 2016. Holds a Master's in Petroleum Engineering from the French Institute of Petroleum.

• Eric Descourtieux: Chief Financial Officer and Executive Director. Co-founded Trident Energy in 2016. Former CFO of Perenco from 2008 to 2016. Holds an MBA from ESCP Europe.

• Enrique Valero-Torrentera: Chief Technical Officer. Over 30 years of project management experience in multinational service and operating companies. Holds a BSA from Texas Wesleyan University.

• Edwin Lopez: Head of Subsurface. Experience in geoscience, reserves, and business planning. Former Geoscience Manager at Perenco in multiple countries. Holds a degree in Chemical Engineering from the University del Valle in Guatemala.

• Oliver Byrne: General Counsel and Chief Compliance Officer. UK-qualified lawyer with experience at Ashurst LLP, Fulbright & Jaworski LLP, and Baker Botts LLP. In-house counsel at Ophir Energy plc.

• Khaled Ghaith: Head of Risk and Internal Audit. Over 17 years of international experience in risk management and internal audit. Former Vice President of Financial Governance at Mubadala. Holds a bachelor's degree in Accounting and Auditing from Cairo University.

• Paul Coward: Head of Safety and Sustainability. Over 20 years of experience in safety, environment, and sustainability. Former positions at Petrofac and Tullow Oil. Holds a Bachelor of Science degree from Aberdeen University.

• Didier Lechartier: Head of Business Development. Over 30 years of upstream oil and gas experience. Former CEO for Amromco in Romania and Vermilion in France.

• Julien Vuillemet: General Manager, Trident Equatorial Guinea Inc. Over 20 years of international experience. Former CEO at Hades E&P Holding SA. Holds a Master's degree in Mechanical Science from the University of Grenoble.

• Didier Mutti: General Manager, Trident Energy Congo. 34 years of experience in the oil and gas industry. Former Group Well Engineering Manager & Deputy Group Drilling Manager at Perenco. Holds a BSc in Engineering from École Polytechnique and a BSc in Mechanical Engineering from ENSAM.