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Stocks T / Triton Energy Limited


Subject:  Progress on Ceiba Field Development Date:  4/25/2001  10:17 AM
Author:  NechesInvst Number:  99 of 116

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

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

DALLAS, April 25 /PRNewswire/ -- Triton Energy Limited (NYSE: OIL - news) 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 ou