Exhibit 25.1
_______________________________________________________
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
_____________________________
FORM T-1
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF
A CORPORATION DESIGNATED TO ACT AS TRUSTEE
_______________________________________________________
CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF
A TRUSTEE PURSUANT TO SECTION 305(b)(2) ________
________________________________________
THE CHASE MANHATTAN BANK
(Exact name of trustee as specified in its charter)
New York 13-4994650
(State of incorporation (I.R.S. employer
if not a national bank) identification No.)
270 Park Avenue
New York, New York 10017
(Address of principal executive offices) (Zip Code)
William H. McDavid
General Counsel
270 Park Avenue
New York, New York 10017
Tel: (212) 270-2611
(Name, address and telephone number of agent for service)
________________________________________________________
TRITON ENERGY CORPORATION
(Exact name of obligor as specified in its charter)
Delaware 75-1151855
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) tification No.)
6688 North Central Expressway
Suite 1400
Dallas, Texas 75206-9926
(Address of principal executive offices) (Zip Code)
_______________________________________________________
TRITON ENERGY LIMITED
(Exact name of obligor as specified in its charter)
Cayman Islands Not Applicable
(State or other jurisdiction of (I.R.S. employer
incorporation or organization( entification No.)
Caledonian House
Mary Street, P.O. Box 1043
George Town, Grand Cayman, Cayman Islands Not Applicable
(Address of principal executive offices) (Zip Code)
_______________________________________________________
Senior Debt Securities
(Title of the indenture securities)
_______________________________________________________
GENERAL
Item 1. General Information.
Furnish the following information as to the trustee:
(a) Name and address of each examining or
supervising authority to which it is
subject.
New York State Banking Department, State
House, Albany, New York 12110. Board of
Governors of the Federal Reserve System,
Washington, D.C., 20551 Federal Reserve
Bank of New York, District No. 2, 33
Liberty Street, New York, N.Y.
Federal Deposit Insurance Corporation,
Washington, D.C., 20429.
(b) Whether it is authorized to exercise
corporate trust powers.
Yes.
Item 2. Affiliations with the Obligor.
If the obligor is an affiliate of the trustee,
describe each such affiliation.
None.
Item 16. List of Exhibits
List below all exhibits filed as a part of this
Statement of Eligibility.
1. A copy of the Articles of Association of the
Trustee as now in effect, including the Organization Certificate and the
Certificates of Amendment dated February 17, 1969, August 31, 1977, December
31, 1980, September 9, 1982, February 28, 1985, December 2, 1991 and July 10,
1996 (see Exhibit 1 to Form T-1 filed in connection with Registration
Statement No. 33-50010, which is incorporated by reference).
2. A copy of the Certificate of Authority of the
Trustee to Commence Business (see Exhibit 2 to Form T-1 filed in connection
with Registration Statement No. 33-50010, which is incorporated by
reference).
3. None, authorization to exercise corporate trust powers
being contained in the documents identified above as Exhibits 1 and 2.
4. A copy of the existing By-Laws of the Trustee (see
Exhibit 4 to Form T-1 filed in connection with Registration Statement No.
333-06249, which is incorporated by reference).
5. Not applicable.
6. The consent of the Trustee required by Section 321(b) of
the Act (see Exhibit 6 to Form T-1 filed in connection with Registration
Statement No. 33-50010, which is incorporated by reference).
7. A copy of the latest report of condition of the Trustee,
published pursuant to law or the requirements of its supervising or examining
authority.
8. Not applicable.
9. Not applicable.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of
1939 the Trustee, The Chase Manhattan Bank, a corporation organized and
existing under the laws of the State
of New York, has duly caused this statement of eligibility to be signed on
its behalf by the undersigned, thereunto duly authorized, all in the City of
New York and State of New York, on the 27th day of January, 1997.
THE CHASE MANHATTAN BANK
By /s/L. O'Brien
L. O'Brien
Senior Trust Officer
Exhibit 7 to Form T-1
Bank Call Notice
RESERVE DISTRICT NO. 2
CONSOLIDATED REPORT OF CONDITION OF
The Chase Manhattan Bank
of 270 Park Avenue, New York, New York 10017
and Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System,
at the close of business September 30, 1996, in
accordance with a call made by the Federal Reserve Bank of this
District pursuant to the provisions of the Federal Reserve Act.
[CAPTION]
Dollar Amounts
ASSETS in Millions
Cash and balances due from depository institutions:
Noninterest-bearing balances and currency and coin . . . . . . $ 11,095
Interest-bearing balances . . . . . . . . . . . . . . . . . . . 4,998
Securities:
Held to maturity securities . . . . . . . . . . . . . . . . . . . . 3,231
Available for sale securities . . . . . . . . . . . . . . . . . . . 38,078
Federal Funds sold and securities purchased under agreements to
resell in domestic offices of the bank and of its Edge and
Agreement subsidiaries, and in IBF's:
Federal funds sold . . . . . . . . . . . . . . . . . . . . . . 8,018
Securities purchased under agreements to resell . . . . . . . . 731
Loans and lease financing receivables:
Loans and leases, net of unearned income . . . . . . . . . . . $ 130,513
Less: Allowance for loan and lease losses . . . . . . . . . . . 2,938
Less: Allocated transfer risk reserve . . . . . . . . . . . . . 27
Loans and leases, net of unearned income, allowance, and reserve
127,548
Trading Assets . . . . . . . . . . . . . . . . . . . . . . . . . . 48,576
Premises and fixed assets (including capitalized leases) . . . . . 2,850
Other real estate owned . . . . . . . . . . . . . . . . . . . . . . 300
Investments in unconsolidated subsidiaries and associated companies 92
Customer's liability to this bank on acceptances outstanding . . . 2,777
Intangible assets . . . . . . . . . . . . . . . . . . . . . . . . . 1,361
Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,204
TOTAL ASSETS . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 261,859
LIABILITIES
Deposits
In domestic offices . . . . . . . . . . . . . . . . . . . . . . $ 80,163
Noninterest-bearing . . . . . . . . . . . . . . . . . . . . . . $ 30,596
Interest-bearing . . . . . . . . . . . . . . . . . . . . . . . 49,567
In foreign offices, Edge and Agreement subsidiaries, and IBF's 65,173
Noninterest-bearing . . . . . . . . . . . . . . . . . . . . . . $ 3,616
Interest-bearing . . . . . . . . . . . . . . . . . . . . . . . 61,557
Federal funds purchased and securities sold under agreements to
repurchase in domestic offices of the bank and of its Edge
and Agreement subsidiaries, and in IBF's Federal funds
purchased . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,594
Securities sold under agreements to repurchase . . . . . . . . 14,110
Demand notes issued to the U.S. Treasury . . . . . . . . . . . . . 2,200
Trading liabilities . . . . . . . . . . . . . . . . . . . . . . . . 30,136
Other Borrowed money:
With a remaining maturity of one year or less . . . . . . . . . 16,895
With a remaining maturity of more than one year . . . . . . . . 449
Mortgage indebtedness and obligations under capitalized leases . . 49
Bank's liability on acceptances executed and outstanding . . . . . 2,764
Subordinated notes and debentures . . . . . . . . . . . . . . . . . 5,471
Other liabilities . . . . . . . . . . . . . . . . . . . . . . . . . 13,997
TOTAL LIABILITIES . . . . . . . . . . . . . . . . . . . . . . . . . 246,001
Limited-Life Preferred stock and related surplus . . . . . . . . . 550
EQUITY CAPITAL
Common stock . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,209
Surplus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,176
Undivided profits and capital reserves . . . . . . . . . . . . . . 4,385
Net unrealized holding gains (Losses) on available-for-sale
securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . (481)
Cumulative foreign currency translation adjustments . . . . . . . . 19
TOTAL EQUITY CAPITAL . . . . . . . . . . . . . . . . . . . . . . . 15,308
TOTAL LIABILITIES, LIMITED-LIFE PREFERRED STOCK AND EQUITY
CAPITAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 261,859
I, Joseph L. Sclafani, S.V.P. & Controller of the above-
named bank, do hereby declare that this Report of
Condition has been prepared in conformance with the
instructions issued by the appropriate Federal regulatory
authority and is true to the best of my knowledge and
belief.
JOSEPH L. SCLAFANI
We, the undersigned directors, attest to the correctness
of this Report of Condition and declare that it has been
examined by us, and to the best of our knowledge and
belief has been prepared in conformance with the
instructions issued by the appropriate Federal regulatory
authority and is true and correct.
WALTER V. SHIPLEY )
EDWARD D. MILLER )DIRECTORS
THOMAS G. LABRECQUE )