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Trinidad and Tobago awards exploration licenses

Oil & Gas Journal

Curtis Williams
OGJ Correspondent

PORT OF SPAIN, June 17 -- Trinidad and Tobago has reported granting approval for a consortium comprising OCNG Mittal Energy Ltd. (OMEL) and Petroleum Co. of Trinidad & Tobago (Petrotrin) to explore and develop Block NCMA 2 in the shallow marine area off northern Trinidad.

The consortium has undertaken to drill five exploratory wells, four to a depth of 9,000 ft and one to 13,500 ft.

The consortium also will undertake the shooting of 986 sq km of full fold 3D seismic.

In addition, the Caribbean island nation has granted approval for a consortium comprising Petrotrin and Trinidad Exploration & Development Co. Ltd. (TED) to explore and develop the Southwest Peninsula Shallow and Deep Horizon blocks onshore in Trinidad's Southern basin.

TED is a wholly owned subsidiary of Captiva Resources Inc.