In a significant development, Touchstone Exploration, a leading energy company, emerged victorious in the highly competitive bid round for the coveted Cipero onshore block in Trinidad and Tobago. The company’s wholly-owned subsidiary, Primera Oil and Gas Limited (Primera), was awarded the exploration license for the Cipero block, paving the way for a substantial expansion of Touchstone’s operations in the region.
The TT government, authorising the Ministry of Energy and Energy Industries (MEEI), will now initiate discussions with Primera to finalise the grant of an Exploration and Production (Public Petroleum Rights) License for the Cipero block. This move signifies the government’s confidence in Touchstone’s expertise and commitment to responsible energy exploration.
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.