(Energy Analytics Institute, Jared Yamin, 20.Nov. 2018) — Heard on the street and other LatAmNRG briefs from Caribbean crude oil and natural gas producer and LNG exporting Trinidad and Tobago, and future oil producer Guyana.
Heard On The Street And Briefs
After Talks With Petrotrin Touchstone Scales Back On T&T Drill Plan
Calgary, Alberta-based Touchstone Exploration said it scaled back plans to drill 14 wells this year, down to 12, after talks with soon-to-be-defunct state-owned oil company Petrotrin.
Touchstone President and Chief Executive Officer Paul Baay said in a statement to investors last week: “We previously planned on utilizing a separate rig to drill two shallow work commitment wells on our South Palo Seco property prior to the end of the year. — Trinidad Express, Aleem Khan, 20.Nov.2018
Co-operation Among T&T, Guyana And Suriname Key
It’s been a long time in coming but Trinidad and Tobago’s Ministry of Energy is to launch a bid round for new exploration blocks by the end of this year.
This has caught the attention of former minister, Kevin Ramnarine, who makes the point that the last time the ministry offered new acreage was in the fourth quarter of 2014, when three land blocks and two deepwater blocks were put on the market, when he was the minister. — Trindiad Express, David Renwick, 20.Nov.2018
Republic Bank Touts Guyana Oil Partnerships
Time is running out but it is not too late to get in on the action in what will become the Caribbean Community’s (Caricom’s) largest oil province: Guyana, according to a top banker in the Caribbean-South American country.
Bowling T&T almost completely out of the water, ExxonMobil Guyana forecasts production from first exploration well, Liza-1, will almost double what T&T currently produces from all its wells combined. — Trinidad Express, Aleem Khan, 13.Nov.2018
***
#LatAmNRG