NGC Expands Participating Interest In Block 3(a)

The National Gas Company (NGC) has expanded its energy portfolio with an additional 20% participating interest in Block 3(a), which is located off Trinidad’s East coast.

The move was completed through the company’s subsidiary, NGC Caribbean Investments Limited, which acquired Heritage Petroleum’s Non-Operated Joint Venture.

NGC says this latest acquisition allows Government to maintain its investment stake in the acreage, which will allow Trinidad and Tobago to ‘derive the maximum financial benefits.’

NGC President Mark Loquan says the company’s increased stake signals its commitment to creating value for Trinidad and Tobago and also strengthens its position in the upstream sector.

Mr. Loquan says the company will continue to leverage these investments to increase value generated for the country.

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