T&T government accepts onshore oil and gas exploration bids

The Trinidad and Tobago government accepted bid recommendations for six of eight onshore oil and gas exploration blocks, people close to the matter said on Sunday (May 28), setting the stage for awards to be disclosed as soon as this week.

The Caribbean nation has pushed to expand exploration to counter declines in its oil and gas production. Gas and petrochemicals provide a large part of its export revenue.

Touchstone was recommended for the Cipero block, Eco Oil and Gas Solutions for the Tulsa block, and Challenger Energy received for the Guayaguayare block, the people said.

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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