UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) January 3, 2001
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TRITON ENERGY LIMITED
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(Exact name of registrant as specified in its charter)
Cayman Islands 1-11675 None
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(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
Caledonian House, Jennett Street
P.O. Box 1043
George Town
Grand Cayman, Cayman Islands NA
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (345) 949-0050
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N/A
(Former name or former address, if changed since last report)
ITEM 9. REGULATION FD DISCLOSURE
Triton Energy Limited has achieved mechanical completion of the Ceiba-1
development well in the Ceiba Field offshore Equatorial Guinea. However, we
report a delay in connecting the production controls from the floating
production, storage and offloading vessel (FPSO) to the well. We are now
targeting production from the well to begin by mid-February 2001.
The Ceiba-1 well is the last of the first four wells drilled in the field
that will be completed and connected to the FPSO. It is intended that the
Ceiba-1 well will enable us to reach our targeted initial production rate of
52,000 barrels of oil per day.
To date, three Ceiba Field wells are producing oil. Their average
production rate during the last half of December 2000 was about 38,200 barrels
of oil per day. The Sedco 700 semisubmersible rig that completed the first four
Ceiba wells is drilling and will complete the Ceiba-7 development well, as well
as four subsequent development wells planned for 2001. We spudded the Ceiba-7
well on January 1, 2001.
In addition, on January 9, 2001, James C. Musselman, Triton's President and
Chief Executive Officer, will be attending the Goldman Sachs Energy Conference
and participating in a panel discussion entitled "Growing Abroad - Opportunities
and Challenges as an Independent." We expect that a revised version of our
Investor Update and a copy of Mr. Musselman's outline for his panel discussion
will be available on our web site by Tuesday, January 9. To review these
materials, visit our web site, www.tritonenergy.com, choose the Investor
Relations page and then choose Presentations.
Please note that certain information contained in the update and the
outline, as well as written and oral statements made or incorporated by
reference from time to time by Triton and our representatives in our reports and
filings with the Securities and Exchange Commission, news releases, conferences,
teleconferences, web postings, or otherwise, may be deemed to be
"forward-looking statements" within the meaning of Section 21E of the Securities
Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995
and are subject to the "Safe Harbor" provisions of those statutes.
Forward-looking statements include statements concerning our plans, objectives,
goals, strategies and future operations and performance and the assumptions
underlying such forward-looking statements, such as drilling schedules; future
production; our capital budget and future capital requirements; estimates of
reserves; and estimates of revenues, expenses and income. The words
"anticipates," "estimates," "expects," "believes," "intends," "plans," "may,"
"will," "should" and similar expressions are intended to identify such
forward-looking statements.
All forward-looking statements are based on then current expectations and
involve a number of risks and uncertainties, which are discussed in detail in
our Securities and Exchange Commission filings, including our report on Form
10-Q for the period ended September 30, 2000, and our Annual Report on Form 10-K
for the year ended December 31, 1999, as well as in the context of such
forward-looking statements. Actual results and developments could differ
materially from those expressed in or implied by such statements due to these
and other factors.
We do not undertake any obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise.
The information in this report (including the exhibits, if any) is
furnished pursuant to Item 9 and is not "filed" for the purposes of Section 18
of the Securities Exchange Act of 1934 or otherwise subject to the liabilities
of that Section. This report is not an admission as to the materiality of any
information reported pursuant to this filing.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
TRITON ENERGY LIMITED
Date: January 3, 2001 By: /s/ A.E. Turner, III
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A.E. Turner,III, Senior Vice President
and Chief Operating Officer