Predator Oil & Gas Holdings Plc (LSE:PRD) has finalized the purchase of Challenger Energy Group Plc’s operations in Trinidad, a move designed to boost both its production capacity and revenue streams. As part of the deal, Predator enters into a revenue-sharing arrangement with NABI Construction, which provides the company with the benefit of additional output while avoiding direct field operating expenses. This acquisition strengthens Predator’s presence in the Trinidadian oil industry, offering key infrastructure and logistical support for future projects, and is consistent with its strategy of pursuing high-value opportunities in the region.
About Predator Oil & Gas Holdings Plc
Predator Oil & Gas Holdings Plc is a diversified energy company with assets spanning Morocco and Trinidad. Its portfolio includes onshore gas operations and production in Morocco, along with appraisal and exploration projects in Trinidad. The company’s approach emphasizes near-term hydrocarbon development, focusing on production growth, efficiency improvements, and additional infill drilling opportunities.
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