Investments totalling $US55 million, possible maximum expenditure of $US945 million in the development phase, creation of new jobs and significant economic activity are expected from signing of onshore licenses by three energy companies—Range Resources Limited, Primera Oil and Gas and Lease Operators Limited. In addition, Government will benefit from taxes and royalties, while state-owned Petrotrin will realise new sources of crude oil for its refinery.
Read the full story in the Trinidad and Tobago Guardian Newspaper.