The bids were for Offshore Block 2a/b, which was placed in conjunction with a subsidiary of Centrica plc and the Onshore/Offshore Block Guayaguayare. Production Sharing Contract ("PSC") terms include the carried participation of the State Oil Company, Petrotrin, through the initial exploration phase.
The forward process includes a series of technical presentations to the Ministry of Energy. Shortlisted parties are expected to be notified during the first quarter of 2007.
Trinidad has a prolific history of both oil and gas production. Both blocks on which Hardman has placed bids are adjacent to significant producing areas.
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