Trinidad dishes out blocks with Touchstone among winners

Trinidad & Tobago has made some awards under its 2022 Onshore and Nearshore Competitive Bid Round.

The country has not officially announced results but two companies have reported awards.

Touchstone Exploration said its local unit, Primera Oil and Gas, had won the Cipero onshore block.

The next step is for MEEI to begin discussions with the companies on the grant of an exploration and production licence.

Heritage Petroleum will take a 20% stake in the Cipero block, Touchstone 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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