Project Profile
Location: 10 miles southwest of the city of San Fernando, lower western coast of the island of Trinidad
Area: 650 acres of oil prone land
Production: 344 bpd (average for 2015)
Lease Operatorship Block WD-8 is located approx. 10 miles southwest of the city of San Fernando and two kilometres east of block WD-4 in the Southern Trinidad Basin. The Forest Reserve WD-8 block encompasses approximately 650 acres of oil prone land and contains 124 Company operated oil wells. Since acquiring Forest Reserve WD-8 Block in 2010, Touchstone has drilled 18 successful oil wells and has 55 wells on production.
Oil reserves in the Forest Reserve WD-8 Block are found in stacked and often compartmentalized reservoirs of the Forest and Cruse Formations at depths between 500 and 4,000 feet. Depths are significantly less than those in the Forest Reserve WD-4 block as the two properties are separated by the northwest and southeast trending Los Bajos strike slip fault. Thick sequences of Piliocene aged Forest and Cruse Formation sands were deposited in a complex deltaic environment with a regional dip generally to the northwest. Recent overprinted structures such as the Fyzabad Anticline have provided structural complexity to the field while the Los Bajos Fault, which runs to the south of the field in a west-northwest to east-southeast direction, likely provided an important oil migration and trapping mechanism for the region.
Operator:
Touchstone Exploration: Operator with 100% interest