Long service awards: Energy
Ramnarine, third from left, and Petrotrin
chairman Lindsay Gillette, third from right, applaud the company’s “star” employees who reached to 45 years of service milestone during
Saturday’s Employee Awards at Hilton Trinidad. From left are Reynold Ramsamooj, Charles Nehorah and Marshall
Lai King. At right is Petrotrin president Khalid Hassanali.
Petrotrin’s ‘stars’ get awards
Petrotrin’s contribution to the national coffers for 2013 will be in excess of $7.9 billion, Energy Minister Kevin Ramnarine has said.
Speaking at Petrotrin’s Employee Recognition Awards Ceremony, at Hilton Trinidad, St Ann’s, on Saturday night, Ramnarine also said local vendors have benefited from $1.5 billion of business.
He also challenged the custodians of the petroleum industry to restore oil production which accounts “for 60 per cent of government revenue.”
The Minister said: “In addition to its economic contributions, Petrotrin provides a range of services and amenities to national communities. Petrotrin makes significant contributions to youth development, education, sport and culture.”
He added: “These contributions would not be possible without the commitment and dedication of employees being recognised tonight.
Your steadfast attendance to your duties has powered this organisation and its predecessor companies for 20 years and upwards providing the impetus with which to sustain Petrotrin’s profitability.”
He commended the awardees for their loyalty in an industry where there is a constant competition for resources. He urged Petrotrin’s board to develop and institute incentive policies and retention strategies to ensure skills and technical expertise were nurtured.
On the flip side, Ramnarine said the challenge (since July 2011) was ensuring petroleum production soared. He said: “That remains the case today. Oil production accounts for 60 per cent of government revenue. It was a no-brainer. For the period 2006 to 2011, T&T experienced a continuous decline in oil production due to the maturity of the oilfields coupled with the lack of strategic focus on oil production and proper incentives to stimulate investment.
“I am pleased to report this is no longer the case. Oil output averaged 81,700 barrels per day in 2012 and is currently around that level. Petrotrin has been refocused on its upstream potential with emphasis placed on the reactivation of Soldado fields and the planning of a drilling programme on land which will be informed by 3D seismic that was acquired in 2011 and is currently in the last phases of production. This has resulted in some improvement in production from Trinmar.”
Ramnarine also challenged the custodians of the petroleum industry to restore oil production which accounts “for 60 per cent of government revenue.”
He said: “In addition to its economic contributions, Petrotrin provides a range of services and amenities to national communities. Petrotrin makes significant contributions to youth development, education, sport and culture.”
Petrotrin president Khalid Hassanali and its chairman Lindsay Gillette were among the guests who shared in the employees’ milestones—20, 25, 35, 40, and 45 years.
The “star” employees who had served faithfully for 45 years were Mervin Jack (Exploration and Production) Marshall Lai King, Charles Nehorah, Frank Providence and Reynold Ramsamooj (Refining and Marketing) and Freddie Jagessar (Human Resources).