Range Resources Limited has signed the Exploration & Production Licence for the St Mary's Block in Trinidad with the Government of the Republic of Trinidad and Tobago. A signing ceremony was held in Port of Spain on 31 October attended by Senator the Honourable Kevin Ramnarine, Minister of Energy and Energy Affairs.
The Exploration & Production licence is awarded for 25 years should a commercial discovery be made. During the six year period, Range has committed to drilling four exploration wells, shooting of 160 km 2D seismic and 60km2 of 3D seismic, along with various other technical studies. As part of the award, the state oil company Petrotrin is given a 20% carried interest through the exploration work programme commitment.