AmericasOffshore

Subsidiaries of Trinity E&P file for bankruptcy protection

Several subsidiaries of Trinity Exploration and Production – an E&P company focused on Trinidad & Tobago offshore and onshore projects – have filed for bankruptcy protection, according to Reuters.

A statement from Trinity, the debt-laden parent company, named nine subsidiaries that have filed notices of intention to make proposals to creditors under Trinidad & Tobago’s bankruptcy laws.

With the filing the firm should be able to continue operating while it tries to work out settlements with creditors.

In a statement, San Fernando, Trinidad-based Trinity said it “continues to pursue a wider financial restructuring solution” to its problems.

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Donal Scully

With 28 years experience writing and editing for newspapers in the UK and Hong Kong, Donal is now based in California from where he covers the Americas for Splash as well as ensuring the site is loaded through the Western Hemisphere timezone.
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