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Petrotrin
President on Move to Boost Production in Onshore Eastern
Blocks. For Petrotrin’s President Mr. Kenneth Allum, the
ten year sub-licence agreement with Contractors for seven fields in
Petrotrin’s onshore block is a significant development.
Mr.
Allum shared this view when delivering an address at the signing
ceremony of the Consent to Sub-License the Onshore Eastern Blocks at the
Hyatt Regency Trinidad, Port of Spain on October 28th, 2009.
Read
more::
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Petrotrin
to Conduct Seismic Survey in North Western District.
Petrotrin will shortly start the acquisition of a 3D Land Seismic Survey
in their North West District and API’s Oropouche farmout area of South
Trinidad. The Survey reaches North into the Phillipine/ Debe area, South
to Siparia/ Palo Seco, West to Point Fortin and finally North to
Rousillac/ La Romain. Read more::
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Petrotrin Hosts 2009 ARPEL Workshop and
CASYSIA Meeting.
Petrotrin hosted an international Environmental Health and Safety
meeting of the CASYSIA/ ARPEL group on October 20-22 2009, at the
Petrotrin Pointe-a-Pierre Club. ARPEL, which is a Spanish acronym,
stands for Regional Association of Oil and Natural Gas Companies in
Latin America and it is an organisation with member companies in over 26
Latin American countries. Its main focus is to improve the Region’s Oil
and Gas industry. Read more::
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Minister Enill: Petrotrin can Boost Production in the
short to Medium Term.
The country’s current production when converted to barrel of oil
equivalent puts our oil production in a one to eight relationship, an
imbalance that the Ministry of Energy Industries together with Petrotrin
is working to address. Read more::
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Petrotrin recently secured US$850 million financing from the
international capital market. Petrotrin intends to use the net
proceeds of this offering to complete the Gasoline Optimisation
Programme and to construct the Ultra Low Sulfur Diesel plant at
Pointe-a-Pierre.
Read more::
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On
July 8th 2009, Minister of Energy and Energy Industries
Senator the Honourable Conrad Enill, Petrotrin President Mr. Kenneth
Allum, and Upstream Business Director of Centrica Energy Mr. Richard
Mew signed a Profit Sharing Contract (PSC) for the exploration of Block
2 (ab) located off the East Coast of Trinidad.
Read more::
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On Tuesday 7th July, 2009 Minister of
Energy and Energy Industries Senator the Honourable Conrad Enill;
President of Petrotrin Mr. Kenneth Allum and President/ CEO of
Voyager Energy Limited, Mr. Gerold Fong signed a Production Sharing
Contract (PSC) for the exploration of the Guayaguayare Blocks off
Trinidad’s south coast. Read more::
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Petrotrin enters into E&P Contract with Bayfield Energy (Galeota) Ltd to
explore Galeota block. Petrotrin has signed a US$100m
exploration and production licence with Bayfield Energy (Galeota) Ltd
for exploration of the Galeota block and revitalization of the Trintes
oil field. Read more::
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Fifth Summit of the
Americas -
First Ever Spouses Programme held at Pointe-a-Pierre.
History
was created in Trinidad and Tobago in the month of April as the country
hosted the Fifth Summit of the Americas in Port of Spain. During the
period April 17th to 19th 2009, 34 hemispheric
heads of state and government from North America, Central America, South
America and the Caribbean participated in a series of roundtable events.
Read more::
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Minister Enill: Higher Productivity, key to our survival.
While seeking to encourage investors’ involvement in the local energy
sector, Minister Energy and Energy Industries Senator the Honorable
Conrad Enill has acknowledged that the timeline for downstream projects
may have to be revised in light of the current economic climate.
Read more::
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