BP Announces First Gas At Mento Off Trinidad's Southeast Coast
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 29 2025
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Source: Benzinga
Mento Development Success: BP Trinidad and Tobago (bpTT) has successfully begun gas production from the Mento development, marking a significant milestone as it prepares to drill seven additional wells in partnership with EOG Resources.
Future Production Goals: The Mento project is part of BP's strategy to enhance its upstream operations, contributing to an anticipated peak production of 250,000 barrels of oil equivalent per day from ten major projects set to launch between 2025 and 2027.
Analyst Views on OILT
Wall Street analysts forecast OILT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OILT is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
