Range Resources said budgets have now been finalised for an onshore block in Trinidad.
The asset, St Mary’s block, has been described as ‘highly prosepctive’ by the company.
A four well drill programme has now been committed to, with expected completion by 2018.
Range Resources will have to complete both 2D and 3D seismic in that time and will also have to complete technical studies.
The tender processes for a rig, equipment and other oilfield services, will also begin this year.
Range owns an 80% interest, while the other 20% is ‘carried’ by Petrotin for its 20% stake.
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