Tricoastal Oil & Gas Ltd. is a leading independent oil and gas exploration and development company
Oct 09, 2007 -- /prbuzz/ --Tricoastal Oil & Gas Ltd. is seeking to establish a balanced portfolio of high risk/high reward exploration projects with low risk/moderate reward acreage in producing basins. With the judicious use of technical and financial consultants project overhead costs can be minimized and new exploration ideas and technical innovation can be brought into the regions of interest.
It is a matter of policy at Tricoastal Oil & Gas Ltd. to protect the environment during all exploration and production processes and to provide safe working conditions for all staff involved.
Tricoastal Oil & Gas Ltd.'s working hand in hand with our primary project partners is insuring that these new resources are found and then safely and cleanly brought to the world’s energy markets to the benefit of all concerned.
The era of gigantic new oil finds may not yet be over. However, in order to meet the consistently escalating world demand for oil, exploration of smaller reserves in ever more remote areas is urgently required. The remaining oil finds yet to be discovered are likely to be in the "new frontiers" in oil exploration.
The technological development that has taken place to meet the challenges of exploration in frontier regions is the vanguard of innovation in the oil industry today. The technological challenges of exploration of new frontiers are many sided. They stretch from drilling techniques, logistics of supply chains to remote oilrigs, demanding climates, HR-management to subsea and delivery systems. With environmentally friendly approaches having become a constant priority in the oil industry, this adds an extra dimension to each of these challenges.
Tricoastal Oil & Gas Ltd. is lending its broad base of expertise in developing these new areas of exploration to the production phase and beyond.
Our goal is to explore for new petroleum and natural gas reserves in countries with low political risk, good fiscal regimes, low government taxation and growing population demands. We also are actively seeking to acquire significant tenement interests in projects with short to medium term production potential.
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