By Sasha Harrinanan
A “MINIMUM investment value” of US$55 million is expected to take place over the next six years when Lease Operators Ltd, Range Resources Trinidad Ltd and Primera Oil and Gas Ltd establish a total of 12 exploration wells and conduct both 2D and 3D seismic surveys of the three onshore blocks in south Trinidad, for which they yesterday signed exploration and production (E&P) licences with the Energy Ministry.
State-owned Petrotrin has a 20 percent stake in each of the blocks, which were awarded as follows:
Rio Claro block to Lease Operators, St Mary’s Block to Range Resources Trinidad, and Ortoire Block to Primera Oil and Gas, a subsidiary of Canadian company Touchstone Exploration.
Read the full story from the Trinidad and Tobago Newsday newspaper.