The Energy Chamber wishes to publicly recognize and applaud the outstanding achievement of contracting companies who have demonstrated a commitment to high HSE standards in their organizations. All companies were certified during the period May 2017 – August 2018.
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The decline in Trinidad and Tobago’s liquefied natural gas (LNG) exports over the past few years, on the back of falling natural gas production, has seen big declines in the volume of exports to Argentina and Brazil. Volumes destined for Trinidad and Tobago’s other major markets, such as Chile, USA, Central America and the Caribbean have remained relatively robust.
Over 36 years after being discovered, the Iguana gas field in Block 1(a) is on track to begin production in 2018. Local drilling contractor, Well Services Petroleum Company Limited (Well Services), has announced the completion of a three-well development campaign for the Iguana field, which is owned and operated by DeNovo Energy Limited (DeNovo).
Petrotrin is and will continue to dominate the news. And for good reason. We must keep asking ourselves how we got where we are. Why Petrotrin – the company supposed to be our crown jewel – ended up in such dire situation. And how we can prevent more joining the same fate as Petrotrin’s refinery, the Arcelor steel plant, the idle platform production sites in La Brea and many other abandoned or underutilised manufacturing sites across the islands.
The Petrotrin Point-a-Pierre refinery has been a major customer for many of the service companies and contractors who make up the membership of the Energy Chamber. A recent survey of over 400 companies who have been certified to work as contractors in the energy sector has revealed that 59% of these companies have provided goods and/or services to the refinery over the last 5 years. Thirty-nine percent of them currently provide goods and/or services.
It was revealed that four of the seven wells are yet to contribute to the current stabilized production of Touchstone. Paul Baay, CEO Touchstone said "We are excited to increase production in the near-term. With the combination of these four wells and the remaining three to be drilled this year, 3 we are looking forward to a strong start to 2019.
SBM Offshore recently announced that ExxonMobil subsidiary Esso Exploration and Production Guyana Limited (EEPGL) has awarded the Company contracts to perform Front End Engineering and Design (FEED) for a second Floating Production, Storage and Offloading vessel (FPSO) for the Liza development located in the Stabroek block in Guyana
Tullow Oil has completed seismic work on its operated offshore Walton Morant licence according to an article in Upstream. London-listed partner, United Oil and Gas (UOG), indicated that the conclusion of the 2,250 square kilometres 3D – seismic acquisition survey has moved the partners closer to de-risking the high-graded Colibri target. Tullow holds an 80 per cent interest in the licence and the remaining 20 per cent is held by UOG.
According to an article in the Upstream, Range Resources has not only realised it forecast production target but has done so comfortably ahead of schedule. The article goes on to explain that their success can be largely attributed to its optimisation programme in Trinidad, which contributed to the company registering a 43 per cent increase in output over the last 12 months, having forecast 800bpd but registering an average of 820bpd.