Touchstone Exploration Inc, the Calgary-based oil and gas company with a primary focus on Trinidad and Tobago, has successfully completed its program of five production test intervals at the Royston-1X well.
The Royston-1X well, in which Touchstone holds an 80% operating interest, has undergone comprehensive testing procedures, marking a systematic approach to evaluating its potential. While the well is currently shut-in, the company is eagerly awaiting the arrival of a service rig. Once the rig is in place, Touchstone said it will be used to initiate pumping operations, thereby reducing the hydrostatic pressure on the reservoir and enabling further testing. Touchstone anticipates that this step will lead to increased production rates as the formation fluid is allowed to flow more freely.
Touchstone Exploration’s strategic partner in this venture, Heritage Petroleum Company Ltd, holds the remaining 20% interest in the Royston-1X well.
Simultaneously, Touchstone is making significant progress with its Cascadura facility, which is currently undergoing its final commissioning phase. Upon commissioning, the facility will commence the introduction of natural gas and associated liquids from the Cascadura-1ST1 and Cascadura Deep-1 wells.
At the Coho well, Touchstone has outlined plans to reconfigure the producing reservoir intervals. However, this undertaking will occur after the Cascadura facility comes online.
Touchstone’s Chief Executive, Paul Baay, expressed optimism about the progress made, stating, “Testing of the Royston-1X well was undertaken in a methodical manner to provide a comprehensive evaluation of the prospect. The flow and buildup tests for each interval have provided us with information that could be used for future stimulation of the well to optimise recovery and production rates.”
Baay further emphasized the company’s commitment to economic sustainability, highlighting the need to evaluate the mechanics of production. He also discussed the significance of the Cascadura facility, stating, “Looking forward to the commencement of commercial production from the Cascadura facility, we now have in place the infrastructure to process and monetise all future potential drilling successes on the Ortoire block. This has been a long process, but we have now put in place the building blocks for a fully funded, full-cycle exploration and production strategy.”
