Sep 162021
Trinity Exploration & Production appoints Derek Hudson to its Board as Independent Director

– UK, Leeds –  Trinity Exploration & Production plc (LON: TRIN), the independent E&P company focused on Trinidad and Tobago, today announced the appointment of Derek Hudson to its Board as an Independent Non-Executive Director with immediate effect.

“We are extremely pleased to announce the appointment of Derek Hudson to the Board of Trinity. Derek is a well-known and highly respected figure in the international oil and gas industry. Derek’s outstanding track record across a range of complex exploration, business development, financial and operational activities in both offshore and onshore environments brings significant complementary skills to the Board and will augment our technical and industry-specific commercial expertise. Furthermore, his extensive local experience, having worked closely with both Government and Industry at a senior level for many years, combined with a deep understanding of the Trinidad business and cultural environment, will be of huge benefit as we seek to meaningfully scale the business.” said Non-Executive Chairman, Nick Clayton.

He will also join the Remuneration Committee.

About Derek Hudson

Derek Hudson is a geologist by profession, having over 30 years of senior-level experience in the oil and gas industry, operating globally (Trinidad and Tobago, United States, United Kingdom, and East Africa) with multi-national organizations and state enterprises.

Derek Hudson is currently Non-Executive Chairman of Scotiabank Trinidad and Tobago Ltd, one of Trinidad and Tobago’s largest banks. He worked for BG Group for over 20 years in senior managerial positions in the UK North Sea and Trinidad, before its combination with Royal Dutch Shell in 2016, and subsequently served as Shell’s VP and Country Chairman, Trinidad & Tobago from June 2016 until June 2019, where he was responsible for Shell’s upstream and LNG business activities in-country. After retiring from the role, Derek continued to serve as a Business Adviser to Shell’s Trinidad and Tobago business until June 2021.

Derek conducted his geological science studies in Montreal, Canada with a focus on sedimentology. He has been a member of several prestigious industry bodies including the American Association of Petroleum Geologists, Canadian Society of Petroleum Geologists, Society of Economic Palaeontologists and Mineralogists, and the Geological Society of Trinidad and Tobago. He has also served on the boards of NGOs and other voluntary organizations in Trinidad and Tobago and performed the role of Non-Executive Chairman of the Port Authority of Trinidad and Tobago from 2005 – 2010. Derek also served on the board of Atlantic LNG of Trinidad and Tobago for many years, while leading BG and Shell’s business in-country.

Derek Hudson commented: “I am delighted to be joining the Board of Trinity and look forward to assisting the Group as it builds on the legacy of Bruce Dingwall. Bruce and I were professional colleagues for many years and it is an honor to be lending my support to the Board in taking the company forward to ensure that Bruce’s aspirations for Trinity to be a strong and balanced energy business will be met.”

About Trinity

Trinity is an independent oil production company focused solely on Trinidad and Tobago. Trinity operates producing and development assets both onshore and offshore, in the shallow water West and East Coasts of Trinidad. Trinity’s portfolio includes current production, significant near-term production growth opportunities from low-risk developments, and multiple exploration prospects with the potential to deliver meaningful reserves/resources growth. The Company operates all of its nine licenses and, across all of the Group’s assets, management’s estimate of the Group’s 2P reserves as at the end of 2020 was 19.55 mmbbls. Group 2C contingent resources are estimated to be 31.06 mmbbls. The Group’s overall 2P plus 2C volumes are therefore 50.61 mmbbls.

Trinity is quoted on the AIM market of the London Stock Exchange under the ticker TRIN.

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