Photo: Dr Priya Marajh Board Member of Touchstone and Vice President at the Energy Chamber with senior team members of Touchstone Exploration
Touchstone Exploration President and CEO, Paul Baay indicated that the company could bid on as many as three onshore blocks in the 2022 Onshore and Nearshore Competitive Bid Round.
In an interview with the Business Guardian, Baay shared some of the company’s intentions as it relates to the bidround. He confirmed that the company will submit a bit and that he was was excited by the on land prospects. He added, “It’s probably the best package we have ever seen in Trinidad.”
Touchstone is a Canadian based company with significant onshore assets onshore Trinidad. The company has historically been a oil producer but recently the company made several onshore gas discoveries. The first of their onshore gas discoveries, Coho came onstream earlier this month. This was the first onshore natural gas project to come onstream in Trinidad and Tobago in over twenty years.
Baay said, “With the success we got at Coho and Cascadura and at Royston, there is no question we’ve got lots of interest from our side in some of those blocks. We are for sure. The parcels came out a little different from what we thought they would be, that’s one thing that has changed a little bit, but we will be definitely looking at quite frankly two or three of them for sure.”
This bid round contains eleven (11) blocks, namely Aripero, Buenos Ayres, Charuma, Cipero, Cory D, Cory F, Guayaguayare, South West Peninsula Onshore, St. Mary’s and Tulsa, located in the Central to Southern onshore acreage of Trinidad and South West Peninsula Offshore, located off the southern coast of Trinidad.
The bidround closes on 12 noon on January 9th 2023.
