Touchstone chalks up another discovery in Trinidad
Calgary-based Touchstone has reported the discovery of "substantial hydrocarbon accumulation" at the Royston-1 exploration well it drilled at the Ortoire block onshore Trinidad, marking the latest in a series of finds at the site.
Royston-1 was drilled to a depth fo 10,700 ft, and mud logging and wireline logs indicate hydrocarbon accumulations in the Lower Cruise, Karamat and Herrera sections, Touchstone said. A total of 393 ft of hydrocarbon pay was encountered, the company said, noting that it believes the discovery is gas but will wait for test results for confirmation.
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Production testing is expected to take place in late October.
Royston-1 marks the fifth well in Touchstone's committed exploration campaign at Ortoire, which it operates with a 80% interest. Local partner Heritage Petroleum controls the remaining 20%.
All five of those wells have made discoveries. Touchstone made its first gas discovery at Ortoire in September 2019 after drilling the Coho-1 well, followed by a second at the Cascadura-1ST1 well in February last year and a third at the Chinook-1 well in October. In December 2020, it also had success at the Cascadura Deep-1 well.
Touchstone and Heritage are now preparing for for a second exploration stage.