Triton Reports Progress on Ceiba Field Development, Phase-Two FPSO Expansion

Gross Ceiba Production Reaches Approximately 50,000 Barrels of Oil Per Day



Apr 25, 2001, 01:00 ET from Triton Energy Limited

    DALLAS, April 25 /PRNewswire/ -- Triton Energy Limited (NYSE:   OIL) reports
 that it has made substantial progress on the development of the Ceiba Field on
 Block G offshore Equatorial Guinea.  Gross production from the field now is at
 about 50,000 barrels of oil per day (BOPD).  One additional well is producing
 and another producer has been drilled.  The Company also reports that its
 upgrade of the processing facilities onboard the project's floating
 production, storage and offloading vessel may include replacing the present
 FPSO, the Sendje Berge, with a sister ship with expanded facilities.
     "We are pressing ahead with our Ceiba Field development program," said
 James C. Musselman, Triton President and Chief Executive Officer.  "The
 drilling of our producers and water injectors is progressing steadily, and we
 are finalizing plans to expand our FPSO for the second phase of production."
 
     Ceiba-7 Well on Production;
     Boosts Gross Field Rate to About 50,000 BOPD
     Triton's Ceiba-7 well, the first well to be completed and tested in the
 laminated sand facies, is on production.  With five Ceiba Field wells now
 producing, oil is flowing at an aggregate rate of about 50,000 BOPD, or about
 35,000 BOPD net to Triton's interest.
     The Ceiba-7 well has confirmed that the laminated sands have good
 deliverability and reservoir continuity and connectivity.  It is the first
 well in the field to be completed using an open-hole gravel pack technique,
 enhancing the oil deliverability in the laminated-sand reservoir.
 
     Ceiba-10 Well Finds 151 Feet of Net Pay
     Drilled as a producer, Triton's Ceiba-10 well has encountered 151 feet of
 net oil-bearing pay, as expected, based on the analysis of drilling, wireline
 logging, downhole pressure measurements and reservoir/fluid samples.  Pressure
 measurements in the Ceiba-10 well confirm reservoir connectivity with current
 producing wells and that the field is performing as expected.
 
     FPSO Facilities Expansion Under Way;
     Triton Negotiating Vessel Exchange
     As previously announced, Triton plans to expand Ceiba Field production
 facilities by early 2002 to increase onboard liquids-processing capacity of
 its FPSO from 60,000 barrels per day (BPD) to 160,000 BPD.  In addition, the
 expansion also includes onboard water-injection facilities designed to inject
 up to 135,000 BPD of water into the Ceiba reservoir to maintain field pressure
 and optimize oil recovery.
     Triton is finalizing contractual arrangements for the replacement of its
 FPSO, the Sendje Berge, with an identical vessel that has the necessary
 expanded capacity.  A sister ship is currently being converted to an FPSO in
 the Jurong shipyard in Singapore.
     By performing the upgrade in a controlled shipyard environment, Triton
 expects to accomplish the expansion more cost effectively and efficiently and
 with less operational risk than if the additional equipment were installed on
 the existing vessel offshore under producing conditions.
     Other key contracts related to the next phase of Ceiba development have
 been finalized, including those for subsea trees and manifolds and the
 procurement and installation of flowlines and umbilicals.
     Triton's second-phase development plan calls for a total of 14 wells to be
 drilled and completed in the Ceiba Field -- 10 producers and four water
 injectors -- by early 2002.
     As a result of this expansion and additional development drilling during
 the year, Ceiba daily production is expected to nearly double after the
 facilities expansion is fully operational.
     The Global Marine R. F. Bauer drillship, which is batch drilling the
 Ceiba-9 and -10 wells, has returned to the Ceiba-9 well to sidetrack it as a
 water-injection well.  The Sedco 700 semisubmersible drilling rig is drilling
 another water injector, Ceiba-11.
 
     About Triton
     Triton has an 85% working interest in and is the operator of Block G and
 the adjacent Block F offshore Equatorial Guinea, which together encompass an
 area of approximately one million acres.  Triton's Ceiba Field is located in
 Block G of the Rio Muni Basin, about 22 miles offshore and 150 miles south of
 the country's capital, Malabo, and off the shore of the city of Bata.
 Triton's partner in the blocks, Energy Africa Ltd. of South Africa, has the
 remaining 15% working interest.
     Triton Energy Limited is a Dallas-based international oil and gas
 exploration and production company with major oil and gas assets in West
 Africa, Latin America and Southeast Asia.  More information about Triton may
 be found at the Company's web site, www.tritonenergy.com.
 
     SAFE HARBOR STATEMENT:  Certain statements in this news release, as well
 as written and oral statements made from time to time by Triton and its
 representatives in other reports, filings with the Securities and Exchange
 Commission, news releases, conferences, teleconferences or otherwise,
 regarding future expectations and financial performance may be regarded as
 "forward-looking statements" within the meaning of the U.S. Securities
 Litigation Reform Act.  These "forward-looking statements" include statements
 regarding future revenues, expenses, capital expenditures, cash flow and
 production, drilling schedules and the number of wells to be drilled, and
 estimates of production rates and reserves from the Ceiba Field.  These
 statements are subject to various risks and uncertainties, such as the timely
 completion and cost of exploration, appraisal and development activities,
 contract performance by third parties and quarterly fluctuations in results.
 These are discussed in detail in the Company's Securities and Exchange
 Commission filings, including its report on Form 10-K for the year ended
 December 31, 2000.  Actual results may vary materially.  Triton is undertaking
 no obligation to update any forward-looking statements or to disclose the fact
 that its internal forecasts may have changed.
 
 

SOURCE Triton Energy Limited
    DALLAS, April 25 /PRNewswire/ -- Triton Energy Limited (NYSE:   OIL) reports
 that it has made substantial progress on the development of the Ceiba Field on
 Block G offshore Equatorial Guinea.  Gross production from the field now is at
 about 50,000 barrels of oil per day (BOPD).  One additional well is producing
 and another producer has been drilled.  The Company also reports that its
 upgrade of the processing facilities onboard the project's floating
 production, storage and offloading vessel may include replacing the present
 FPSO, the Sendje Berge, with a sister ship with expanded facilities.
     "We are pressing ahead with our Ceiba Field development program," said
 James C. Musselman, Triton President and Chief Executive Officer.  "The
 drilling of our producers and water injectors is progressing steadily, and we
 are finalizing plans to expand our FPSO for the second phase of production."
 
     Ceiba-7 Well on Production;
     Boosts Gross Field Rate to About 50,000 BOPD
     Triton's Ceiba-7 well, the first well to be completed and tested in the
 laminated sand facies, is on production.  With five Ceiba Field wells now
 producing, oil is flowing at an aggregate rate of about 50,000 BOPD, or about
 35,000 BOPD net to Triton's interest.
     The Ceiba-7 well has confirmed that the laminated sands have good
 deliverability and reservoir continuity and connectivity.  It is the first
 well in the field to be completed using an open-hole gravel pack technique,
 enhancing the oil deliverability in the laminated-sand reservoir.
 
     Ceiba-10 Well Finds 151 Feet of Net Pay
     Drilled as a producer, Triton's Ceiba-10 well has encountered 151 feet of
 net oil-bearing pay, as expected, based on the analysis of drilling, wireline
 logging, downhole pressure measurements and reservoir/fluid samples.  Pressure
 measurements in the Ceiba-10 well confirm reservoir connectivity with current
 producing wells and that the field is performing as expected.
 
     FPSO Facilities Expansion Under Way;
     Triton Negotiating Vessel Exchange
     As previously announced, Triton plans to expand Ceiba Field production
 facilities by early 2002 to increase onboard liquids-processing capacity of
 its FPSO from 60,000 barrels per day (BPD) to 160,000 BPD.  In addition, the
 expansion also includes onboard water-injection facilities designed to inject
 up to 135,000 BPD of water into the Ceiba reservoir to maintain field pressure
 and optimize oil recovery.
     Triton is finalizing contractual arrangements for the replacement of its
 FPSO, the Sendje Berge, with an identical vessel that has the necessary
 expanded capacity.  A sister ship is currently being converted to an FPSO in
 the Jurong shipyard in Singapore.
     By performing the upgrade in a controlled shipyard environment, Triton
 expects to accomplish the expansion more cost effectively and efficiently and
 with less operational risk than if the additional equipment were installed on
 the existing vessel offshore under producing conditions.
     Other key contracts related to the next phase of Ceiba development have
 been finalized, including those for subsea trees and manifolds and the
 procurement and installation of flowlines and umbilicals.
     Triton's second-phase development plan calls for a total of 14 wells to be
 drilled and completed in the Ceiba Field -- 10 producers and four water
 injectors -- by early 2002.
     As a result of this expansion and additional development drilling during
 the year, Ceiba daily production is expected to nearly double after the
 facilities expansion is fully operational.
     The Global Marine R. F. Bauer drillship, which is batch drilling the
 Ceiba-9 and -10 wells, has returned to the Ceiba-9 well to sidetrack it as a
 water-injection well.  The Sedco 700 semisubmersible drilling rig is drilling
 another water injector, Ceiba-11.
 
     About Triton
     Triton has an 85% working interest in and is the operator of Block G and
 the adjacent Block F offshore Equatorial Guinea, which together encompass an
 area of approximately one million acres.  Triton's Ceiba Field is located in
 Block G of the Rio Muni Basin, about 22 miles offshore and 150 miles south of
 the country's capital, Malabo, and off the shore of the city of Bata.
 Triton's partner in the blocks, Energy Africa Ltd. of South Africa, has the
 remaining 15% working interest.
     Triton Energy Limited is a Dallas-based international oil and gas
 exploration and production company with major oil and gas assets in West
 Africa, Latin America and Southeast Asia.  More information about Triton may
 be found at the Company's web site, www.tritonenergy.com.
 
     SAFE HARBOR STATEMENT:  Certain statements in this news release, as well
 as written and oral statements made from time to time by Triton and its
 representatives in other reports, filings with the Securities and Exchange
 Commission, news releases, conferences, teleconferences or otherwise,
 regarding future expectations and financial performance may be regarded as
 "forward-looking statements" within the meaning of the U.S. Securities
 Litigation Reform Act.  These "forward-looking statements" include statements
 regarding future revenues, expenses, capital expenditures, cash flow and
 production, drilling schedules and the number of wells to be drilled, and
 estimates of production rates and reserves from the Ceiba Field.  These
 statements are subject to various risks and uncertainties, such as the timely
 completion and cost of exploration, appraisal and development activities,
 contract performance by third parties and quarterly fluctuations in results.
 These are discussed in detail in the Company's Securities and Exchange
 Commission filings, including its report on Form 10-K for the year ended
 December 31, 2000.  Actual results may vary materially.  Triton is undertaking
 no obligation to update any forward-looking statements or to disclose the fact
 that its internal forecasts may have changed.
 
 SOURCE  Triton Energy Limited