CEG Goudron to start licence talks over Guayaguayare block

Challenger Energy has announced that its wholly owned subsidiary CEG Goudron Trinidad Ltd is set to begin negotiations with the Ministry of Energy and Energy Industries over the grant of an exploration and production licence for the Guayaguayare block.

The Guayaguayare block is located onshore in south-east Trinidad.

“It is one of the largest onshore exploration and production blocks in Trinidad and is strategically and operationally synergistic with the Company’s core Trinidadian production business, in that the licence wholly encloses the Company’s Goudron licence area, and is adjacent to the Company’s Trinity-Inniss licence area,” Challenger Energy stated.

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.

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