Challenger Energy wholly owned Trinidadian subsidiary CEG Goudron Trinidad (CGTL) is set to start negotiations with the Trinidad and Tobago Ministry of Energy and Energy Industries (MEEI) over an exploration licence for the Guayaguayare block.
The Government of Trinidad and Tobago has authorised the MEEI to start negotiations with CGTL over granting an exploration and production (Public Petroleum Rights) licence for the Guayaguayare block, stated Challenger Energy.
Challenger said the Guayaguayare block is strategically and operationally synergistic with its core production business in Trinidad.
Challenger Energy Group plc (LON:CEG) is a Caribbean and Atlantic margin focused oil and gas company, with a range of petroleum assets located onshore in Trinidad and Tobago, and Suriname, and offshore in the waters of The Bahamas and Uruguay.