On the 30th May 2018, a technical issue occurred during steady state production operations which caused well CH12H to stop producing.

Company personnel were immediately mobilised to the unmanned production platform and following diagnostic tests, have confirmed the issue is associated with production well CH12H’s downhole electric submersible pump (ESP).

CH12H, which was producing 240 bbls/day prior to this issue, remains offline. Triangle’s engineers will continue to pursue further tests and trials in an attempt to restart the ESP and regain production.

In parallel, Triangle has started to plan for a CH12H ESP replacement using the Company’s coil tubing unit (CTU) in the event the ESP restart is unsuccessful.

In order to maximise utilisation of the CTU, it is Triangle’s intent to incorporate CH12H’s ESP replacement (if required) within a wider offshore campaign that aims to target other identified production optimisation opportunities.