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    Triton begins production from Ceiba field

    Projects and Operations // December 1, 2000
    Triton Energy Limited has announced that oil production has begun from its Ceiba Field, located on Block G off the continental coast of Equatorial Guinea. First oil was achieved less than 14 months after discovery of the field, a deepwaterindustry record.

    To date, three of the first four Ceiba wells are flowing oil at an aggregate interim rate of 38,000 barrels of oil per day (BOPD). The fourth well, Ceiba-1, is being completed and will be added to the production stream about mid-December.

    The Ceiba Field Plan of Development calls for initial production from an early production system of 52,000 BOPD, or about 36,000 barrels to Triton's interest. The actual production rate will depend on several factors, such as reservoir management. Production from the Ceiba Field is expected to double Triton's oilproduction in 2001.

    Triton is finalising plans to expand the topsides facilities of the Sendje Berge, the floating production, storage and offloading vessel (FPSO) that isthe centrepiece of the Company's Ceiba oil development. Ceiba crude is produced into and will be sold from the FPSO, which currently has an onboard liquids processing capacity of 60,000 barrels per day.

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