Touchstone Exploration Cascadura delivers first production

Touchstone Exploration Inc (LON:TXP) has announced that the Cascadura natural gas and liquids facility has safely delivered first production. Touchstone has an 80 percent operating working interest in the Cascadura field, which is located on the Ortoire block onshore in the Republic of Trinidad and Tobago. Heritage Petroleum Company Limited holds the remaining 20 percent working interest.

Natural gas and associated liquids production commenced on September 6, 2023 and the Company intends to increase gross aggregate natural gas production from the Cascadura-1ST1 and Cascadura Deep-1 wells to 60 MMcf/d (10,000 boe/d) plus associated natural gas liquids over the coming weeks.

Natural gas and associated liquids production from the Company’s Cascadura wells is separated at the Cascadura facility on the Cascadura A surface location. The facility operates as a self-contained system, capturing all natural gas from the separators and liquids storage tanks and recycling it back into the system to increase sales volumes. Additionally, the facility sustains its own power requirements through onsite solar systems and natural gas generators and is entirely independent of the Trinidad power grid. The facility has a designed gross production capacity of 200 MMcf/d and 5,000 bbls/d of associated liquids, with a current gross production capacity of 90 MMcf/d and 2,250 bbls/d of associated liquids (17,250 boe/d).

The facility was constructed over the past year and represented approximately 110,000 work hours of local employment using Trinidadian contractors and fabrication facilities. Throughout construction and commissioning, the project recorded no lost time injuries.

Natural gas volumes are transported through a 20-inch pipeline constructed and operated by The National Gas Company of Trinidad and Tobago Limited (“NGC”) and sold to NGC pursuant to an Ortoire natural gas sales agreement executed in December 2020. Condensate volumes will be transported via tanker trucks to the Company’s Barrackpore liquids sales facility and sold to Heritage pursuant to a Cascadura field liquids sales agreement executed on September 1, 2023.

Paul Baay, President and Chief Executive Officer, commented:

The commencement of production from Cascadura marks the most significant milestone to date in the Touchstone journey, transitioning us to a majority natural gas weighted production company. Our fixed price natural gas agreement will deliver a significantly increased predictable cashflow stream to be reinvested in the future development of our extensive Trinidad asset base. Cascadura represents the second producing area on our Ortoire block, where we have multiple defined development prospects, alongside a significant pipeline of long-term exploration prospects.

We would like to thank our partners and contractors for their support and attention to safety during the facility construction and commissioning process. Our team will now focus on optimizing Cascadura production and planning a future drilling program to fill our existing Coho and Cascadura facilities.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Touchstone Exploration

More articles like this

Touchstone Exploration

Energy demand and innovation

The oil and gas sector continues to play a crucial role in the global energy landscape, despite increasing emphasis on renewable sources. With the world’s energy needs steadily rising, the demand for hydrocarbons remains strong, particularly

Touchstone Exploration

Advantages of natural gas for your home or business

Natural gas provides a reliable, continuous energy source that enhances comfort and efficiency. Its consistent supply ensures your home remains warm and inviting, with a uniform temperature throughout. Enjoy uninterrupted hot water whenever you need it,

Touchstone Exploration

Natural gas could be the key to powering data centres

Amid the surging demand driven by artificial intelligence, natural gas is emerging as a potential solution to the power challenges faced by data centres. Goldman Sachs has projected that the United States alone will require an

Touchstone Exploration

Ukrainian seizure of pipeline spikes gas prices

Ukrainian forces have taken control of a critical section of the natural gas pipeline in Sudzha, a Russian border town in the Kursk region. The conflict in the area has been ongoing for three days. The

Touchstone Exploration

Trinidad & Tobago: A thriving hub for oil and gas industry

Trinidad & Tobago has long been recognised as a pivotal player in the global oil and gas industry. With its rich natural resources and strategic geographical location, the nation continues to attract significant investments and development

Touchstone Exploration expands Trinidad & Tobago operations

Touchstone Exploration, an independent company based in Calgary, has advanced towards exploring two additional blocks in Trinidad & Tobago. This Caribbean nation is a crucial area for the London-listed company, which began gas production at its

Touchstone Exploration

Touchstone secures new licences for Cipero and Charuma blocks

Touchstone Exploration Inc. has announced that its Trinidadian subsidiary, Primera Oil and Gas Limited (POGL), has secured Exploration and Production (Public Petroleum Rights) Licences for the Cipero and Charuma blocks. These licences came into effect on

Touchstone Exploration

Touchstone Exploration expands in Trinidad and Tobago

Touchstone Exploration Inc., a company based in Calgary, has expanded its operations in Trinidad and Tobago through its subsidiary Primera Oil and Gas Ltd. (POGL). The company has secured exploration and production licences for the Cipero

Touchstone Exploration

Natural gas prices surge amid European negotiations

Natural gas prices (XNG/USD) surged higher on Tuesday, approaching a new yearly high. This uptick comes as Europe deliberates on maintaining gas flows via Ukraine for the next year and amidst an increase in supply from

Touchstone Exploration

Natural Gas for a Sustainable Future

Natural gas has become an integral part of the global energy landscape, offering a multitude of benefits that extend beyond just being a source of fuel. As the world grapples with the need for sustainable and