By Leah Sorias
Energy Minister Kevin Ramnarine is confident that the signing of licences by three energy companies to drill for oil on land will result in the country’s oil and gas production being further boosted.
The three companies—Lease Operators Ltd, Primera Oil and Gas Ltd (a subsidiary of Canada-based Touchstone Exploration Inc) and Range Resources Ltd—were successful in their bids for onshore blocks in Rio Claro, Ortoire and St Mary’s respectively.
The companies were awarded the blocks following Government’s 2013 onshore bid round.