Trinidad and Tobago nears awards for onshore oil and gas exploration

The Trinidad and Tobago government accepted bid recommendations for six of eight onshore oil and gas exploration blocks, people close to the matter said on Sunday, setting the stage for awards to be disclosed as soon as this week.

The Caribbean nation has pushed to expand exploration to counter declines in its oil and gas production. Gas and petrochemicals provide a large part of its export revenue.

Touchstone Exploration Inc was recommended for the Cipero block, Eco Oil and Gas Solutions for the Tulsa block, and Challenger Energy received for the Guayaguayare block, the people said.

Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago. Primera Oil and Gas is the Trinidadian subsidiary of Touchstone.

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