Touchstone Exploration has added further production in Trinidad and Tobago after bringing two development wells on the WD-8 block into service, giving investors a clearer view of how the company is converting existing assets into near-term revenue while continuing work on its wider gas infrastructure.
The FR-1835 and FR-1836 wells were completed and placed on production in mid-May. Since start-up, the wells have delivered a combined average of around 175 barrels per day of medium-gravity crude oil, broadly in line with expectations. Field teams are now working to optimise flow rates, which makes the next phase important for assessing whether the wells can sustain stable output and contribute consistently to cash generation.
The drilling costs for both wells were funded by the drilling operator under a strategic asset exchange completed in 2025. That exchange involved the Fyzabad asset, which produced about 49 barrels per day in 2025. The result is that Touchstone has brought new production online without directly funding the turnkey drilling costs, improving the relevance of the wells from a capital efficiency perspective.
Management has framed the new wells as a source of immediate and stable cash flow, supported by current crude prices. While the volumes are modest in absolute terms, they add to the company’s operating base and demonstrate the potential value of development activity across its Trinidad portfolio.
Touchstone is also managing a changing gas market backdrop during scheduled maintenance at Atlantic LNG. Train 4 began a 54-day maintenance shutdown on 26 May and is expected to remain offline until 19 July. A key transportation pipeline serving Atlantic LNG is also scheduled to be offline from 15 to 29 June. During these outages, Touchstone’s Central block gas volumes are being redirected to Atlantic LNG Train 2/3 or the domestic market.
At Cascadura, on the Ortoire block, mechanical and electrical installation of the new booster compressor is progressing on schedule, with commissioning expected to begin in June. The compressor is designed to lower wellhead backpressure, reduce the impact of regional pipeline capacity constraints and allow wells to flow more freely.
The company is also preparing intervention work at Carapal Ridge 3, where a coiled tubing cleanout and acid stimulation programme is intended to address an inflow restriction and improve production. Since first production, the CR-3 well has delivered stable flowing pressures and estimated gross production of about 2.2 million cubic feet of natural gas per day and 14 barrels of condensate per day, without previous interventions. Reservoir analysis points to a localised restriction, likely linked to residual drilling and completion fluids.
Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago. Primera Oil and Gas is the Trinidadian subsidiary of Touchstone.
