Monday, January 22, 2018

Ramnarine: Focus on Petrotrin, Trinmar

Energy Minister Kevin Ramnarine has said in 2014 the emphasis in oil production will be on Petrotrin with a focus on Trinmar.

Ramnarine made the announcement in a media statement released by the Ministry of Energy and Energy Affairs yesterday. 

He added that in 2014 the emphasis on natural gas production will be on: 

1) the coming on to production of the BP Savonette 7 well; 

2) the commencement of the Juniper development by BP; 

3) development drilling on Amherstia by BP;

4) the BG/Chevron Starfish development.

The Central Bank in its latest economic bulletin noted that the energy sector grew by 2.4 per cent in the fourth quarter of 2013. 

This growth, the bank said, was driven by higher natural gas output and high oil production. 

The growth in the fourth quarter comes on the heels of the end of the largest maintenance programme in the history of the country that was conducted by BP, BG, Point Lisas companies and Atlantic and co-ordinated by the NGC and the Ministry of Energy.

Ramnarine said he agrees with the report.