By David Renwick
10th June, 2014
If the Ministry of Energy and Energy Affairs (MEEA) is depending on the independents (small and medium-sized upstream companies), along with State-owned Petrotrin, to turn declining crude oil production around, then Touchstone Exploration Inc is likely to be one of the main players in this regard.
The task is a challenging one because, despite the brave face put on the crude production situation by Minister Kevin Ramnarine, output continues to fall: it was 67,780 b/d on average in 2013 and up to February this year, was running at an average of 66,060 b/d.