Exxon Aims to Build on Guyana Oil Success in Trinidad and Tobago
The Texas oil giant was awarded a 7,165 square kilometer block named TTUD-1 about 190 miles (306 kilometers) off the coast of the Caribbean nation on Tuesday. Exxon has agreed to acquire 3D seismic data over a portion of the block as part of the production sharing contract, Prime Minister Kamla Persad-Bissessar said. The 'mandatory' first phase is expected to cost the company $42.5 million, she said.
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