The Ministry of Energy and Energy Industries of Trinidad & Tobago has awarded offshore block 5(c) to Canadian Superior of Calgary, Alberta, Canada. Block 5(c) is an 80,041-acre tract in 150 m of water on Trinidad's continental shelf. It is estimated to contain up to 4 tcf of natural gas reserves and was part of the 2003/2004 Competitive Bidding Round.
"This represents a major achievement for Canadian Superior and we are extremely pleased with the result, which is a credit to Canadian Superior's experienced planning and technical teams, "said Greg Noval, president of Canadian Superior. "Trinidad is one of the most coveted oil and gas exploration basins in the world today�Block 5(c) represents a world-class opportunity for Canadian Superior and possesses natural gas exploration potential and offsets the Dolphin gas field that is operated by British Gas."