The Energy Services Committee of the Energy Chamber continues to work on enhancing the competitiveness of the energy services sector and enhancing local content development.
In Trinidad and Tobago, the energy services sector is fundamental and represents the most competitive services sector. We anticipate that global demand for energy will increase over the next decade and as markets become more open and competitive, the role of energy services will likewise continue to increase. Even though this sector is lucrative, it faces several problems, both home and abroad. The Energy Services Committee remains committed to the further development of the energy services sector both locally and internationally.
In 2017, the Energy Chamber participated in the first Guyana Oil and Gas Conference along with several member companies. The Energy Chamber remains committed to working with our CARICOM neighbour to ensure that their private sector and government are well prepared to benefit from their energy sector. We intend to continue building close relations with the government of Guyana and its private sector and in the upcoming year, we will be hosting an incoming delegation from Guyana to Trinidad.
Local Content
On November 23rd, 2016 the Energy Chamber held its fourth annual Local Content Forum. The aim of these forums has always been to bring together representatives of major operator companies, service companies and regulators to have meaningful discussions around local content and capability development.
The forum was a working session and participants were encouraged to discuss and identify practical steps that can be taken to further local content development and capability in the energy sector.
The outcomes from the forum assist with forming the workplan for the Energy Services Committee for the year.
The forum was sponsored by BHP Billiton, Petrotrin, EOG, BP and Atlantic.
Apart from hosting the Local Content Forum, the Energy Chamber developed the Local Content Charter. The signing of the first Local Content Charter took place during the opening ceremony of the Trinidad and Tobago Energy Conference 2017 hosted by the Energy Chamber. This signalled a commitment from the major operator companies in the energy sector to develop and implement local content initiatives that will serve to strengthen the energy services sector.
The charter, which was signed by the CEOs of the major oil, gas and petrochemical companies in the country, is a commitment to create a voluntary industry-led process for companies to work together to increase local content in their operations. The charter also paves the way for all the signatory companies to work together with service providers and other stakeholders to increase local content in the Trinidad and Tobago energy industry.
The Energy Chamber is currently working on organising an operators’ forum, where it is expected that the operators will present on upcoming work and at the next Local Content Forum they will be reporting on achievements made toward the targets in the Local Content Charter.
The Committee
- Douglas Boyce
- Asgar Ali Weldfab
- Aston Brown
- Blair Ferguson
- Jason Cox
- Michael Anton
- Peter Ghany
- Priya Marajh
- Roger Packer
- Sasha Addo
- Dr. Thackwray Driver