Galeota block off Trinidad & Tobago. Source: Bayfield Energy
The energy ministry in Trinidad & Tobago has revealed that the Persaud-Bissessar administration would be auctioning off six blocks in the waters off the north and northeast coasts for exploration of new oil and gas reserves.
All bids are due by January 31, 2014.
The Persaud-Bissessar administration, in a bid to incentivize new investments in the oil and gas sector, has introduced a lower tax rate to potential explorers to
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