Touchstone Exploration Launches Two-Well Drilling Campaign in Trinidad and Tobago
Touchstone Exploration Inc., a Calgary-based company engaged in oil and gas exploration and production, has provided an operational update for its activities in Trinidad and Tobago. The company has completed construction of two drilling locations at the WD-4 block and mobilized a rig to begin a two-well campaign, with the first well expected to spud in mid-September.
A solvent squeeze treatment at the Cascadura-2ST1 well demonstrated promising incremental production gains, supporting potential deployment of this optimization strategy across additional wells. The company is also preparing a completion program targeting the Karamat sands at the Carapal Ridge 3 well.
Touchstone has optimized gas pricing by selling July natural gas sales volumes from the Central block at an estimated net-of-fees price of $10.28 per Mcf under the Atlantic LNG Train 2/3 contract. The company's production averaged 4,402 boe/d in July and 4,392 boe/d in August.