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Touchstone Exploration acquires Shell's Central Block asset in Trinidad, boosting its natural gas presence.
Touchstone Exploration has taken over Shell's Central Block asset in Trinidad and Tobago, acquiring a 65% interest in an onshore block with four natural gas wells.
First-quarter production averaged 2,969 barrels of oil equivalent per day, with second-quarter estimates showing a slight increase.
The company has completed surveys for two new well pads and is awaiting government approval for construction.
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Touchstone Exploration adquiere el activo Central Block de Shell en Trinidad, aumentando su presencia en el sector del gas natural.