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Opinion

Some initiatives to address declining oil production in TT

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Some initiatives to address declining oil production in TT

Crude oil production (i.e. non-condensate production) in Trinidad declined from a peak of 229,527 barrels of oil per day in 1972 to an average of 66,784 barrels of oil per day in 2014. Based on a projection of this historical decline, crude oil production in 2020 and 2030 will be in the order of 50,000 barrels of oil per day and 20,000 barrels of oil per day, respectively. 

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What does the TTEITI disclosure of social expenditure tell us?

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What does the TTEITI disclosure of social expenditure tell us?

ON September 30th 2015, the Trinidad and Tobago Extractive Industries Transparency Initiative (TTEITI) published its third TTEITI Report covering the period October 1st 2012 – September 30th 2013. This report provides an independent reconciliation of payments made to the government by energy companies with the revenues reported by Government as having been received from these energy companies.

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Guidance on Joint Operating Agreements 1.0

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Guidance on Joint Operating Agreements 1.0

TRINIDAD and Tobago has a long history of oil and gas production and as a result, there are Joint Operating Agreements (‘JOAs’) dating back to the 1990s that are still governing arrangements between parties to production sharing contracts and licences.

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Data-driven policy making

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Data-driven policy making

EVER since the Trindad and Tobago Election and Boundaries Commission (EBC) released its figures on the number of registered voters prior to the September 2015 general election, I have noticed that lots of people have been questioning the country’s official population figures.

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