Page 14 - LatAmOil Week 26 2022

LatAmOil NEWS IN BRIEF LatAmOil

Implemented more than 60 social projects that drilling of the deeper appraisal prospect would Construction is underway on the 63-foot
have benefited over 25,000 community mem- add more highly attractive prospects to the hop- above ground pipeline to the Central block
bers across 13 municipalities. per, giving greater line of sight on the Company’s tie-in point, which is the final requirement of
The Corporation executed the second phase ability to deliver on its stated ambition to double the project.
of its gas massification project, which aims to production by 2024. Upon completion of the tie-in, commission-
reduce energy poverty and serve societal needs While the Company has a firm timetable ing and handover of the pipeline, Coho natural
by constructing a local utility gas distribution in place, inclement weather conditions could gas production will commence with the expecta-
network to replace firewood with a cleaner and have an impact on workflow. Noting the current tion that production will increase over time to 10
more efficient fuel, benefitting hundreds of addi- orange-level tropical storm warning in Trinidad, mcf per day (1,667 boepd) gross, 8 mcf per day
tional households. management will move to ensure the health and (1,333 boepd) net.
All social investment projects were aligned safety of its workforce and contractors - and Coho will be the first onshore natural gas pro-
with National Development Plans and 11 pro- if necessary may opt to briefly pause drilling ject to come onstream in 20 years, representing
jects included a gender focus. operations. an important milestone for both Touchstone and
Canacol Energy, June 28 2022 Jeremy Bridglalsingh, CEO, commented: the Republic of Trinidad and Tobago.
“We are delighted to have recommenced our Based on the current contractor schedule and
drilling activities. We have a significantly expected pipeline commissioning and hando-
PROJECTS & COMPANIES improved our understanding of our acreage ver process, we are targeting full production in
through the 3D data acquired, underpinning August 2022.
Trinity Exploration starts our confidence in the current programme while Cascadura: Workstreams across the Casca-
also positioning the Company to take advantage dura area are progressing with several important
drilling operations for first of future opportunities. We have set ambitious deliveries, including the separators and vapour
drilling targets as we focus on a step change in recovery units, scheduled to arrive in Trinidad
well of its 2022 six-well production, which could be further augmented in the coming weeks.
by potential developments at our Trintes, Gale-
Surveying of the lease expansion, pipelines,
programme ota and Brighton assets.” roads, and future drilling locations has com-
menced, along with the treatment of drilling pits
Trinity Exploration & Production, June 29 2022
Trinity Exploration & Production, the inde- for reclamation.
pendent E&P company focused on Trinidad and Touchstone Exploration Three major construction contracts for the
Tobago, has announced that drilling operations Cascadura facility have been procured to date
have commenced for the first well of its 2022 six- provides operational update with local contractors and are consistent with
well programme. our pre-design budget.
As previously outlined, the fully-funded for Ortoire block We continue to wait for the approval of the
drilling programme, which includes con- Environmental Impact Assessment (EIA),
ventional infill wells, a horizontal well and a Touchstone Exploration has provided an update with all the relevant reports and information
deeper appraisal well, is targeting an aggregate on the operational progress across the Ortoire submitted for regulatory review. Following the
450mn-1.1bn barrels of reserves at a cost of block, onshore Trinidad. Touchstone has an 80% anticipated approval and submission of the
$14-17mn. These are significantly higher vol- operating working interest in Ortoire block, with required notice periods, we intend to proceed
umes per dollar of capital invested, that in a suc- Heritage Petroleum holding the remaining 20% with construction of the surface facility, access
cess case, would generate materially increased working interest. roads, liquids pipeline and future development
cash returns compared with previous drilling Coho: The pipeline from our Coho facility drilling locations. The onstream date of the Cas-
programmes. to the Central block has been completed, and cadura facility will be determined by the timing
Management believes that the potential hydrotesting is scheduled to commence this of receipt of the EIA approval.
returns from the proposed horizontal and week upon which the pipeline will be ready for Initial gross aggregate natural gas and asso-
deeper appraisal wells could underpin a mate- first gas. ciated liquids production from our Cascadu-
rial increase in production rates and potentially The surface facility is 98% complete with all ra-1ST1 and Cascadura Deep-1 wells has been
unlock previously untapped deeper pools of infrastructure in place, including instrumenta- budgeted at 11,500 boepd (9,200 boepd net), and
hydrocarbons. If successful, the horizontal well tion, tanks and the communication tower, which the Cascadura natural gas processing facility has
could yield production rates and returns circa 3x will enable the transmission of gas meter data to been designed for a maximum gross capacity of
those achievable from conventional infill wells, our offices in Calgary and Trinidad. approximately 200 mcf per day of natural gas and
with the wider programme also benefiting from 5,000 bpd of associated liquids (38,333 boepd).
the mapping and integration of the 3D seismic Drilling: The Royston surface equipment has
acquired in 2020, enabling a more targeted and been repositioned to accommodate the future
de-risked approach to the Company’s drilling sidetrack of Royston-1 to test the intermediate
activities. and subthrust sheets of the Herrera Formation.
Overall, management is confident the Com- Upon approval of the Cascadura EIA, an
pany can support a multi-year onshore drilling additional drilling pad at Cascadura will be con-
programme from the prospects and leads iden- structed to accommodate the first two future
tified from the evaluation of the 3D seismic. The budgeted development wells.
3D seismic interpretation has, to date, identified The timing of our future Ortoire drilling pro-
a “hopper” of circa 40 infill opportunities, which gram will be evaluated once Coho is on optimal
includes circa 35 conventional wells and circa production and we have received approval of the
5 high angle/horizontal wells. The successful Cascadura EIA.

P14 www. NEWSBASE .com Week 26 30•June•2022