STATE ENTERPRISES’ INVESTMENT PROGRAMME 2014
18
SUSTAINING GROWTH, SECURING PROSPERITY
and are expected to be completed in fiscal
2013. The estimated cost of the upgrade is
$257.5 million.
• NewMarine Building and Jetty
–The project
consists of a new Launch/ Tug Landing
Stages (Jetty) and a new Marine Flagship
Building for offices, change rooms/ lockers
and associated facilities.
This project experienced a three (3) year
set-back due to the delay in receiving the
Certificate of Environmental Clearance
(CEC). A conditional CEC given on April 26,
2010 stipulated that a ShorelineManagement
and Monitoring Plan (SMMP) must be
implemented and approved by the EMA prior
to construction. The SMMP was approved by
the EMA on June 21, 2011.
The construction of the new Marine
Building and Landing Stage was deferred
and alternative office arrangements were
proposed at a revised cost of $59.8 million.
The cost of the project was revised to $90.0
million which included the New Port Office
Building. The construction of the jetty is
expected to be completed in December 2013.
• Gas to Liquids (GTL)
–
World GTL Trinidad
–
PETROTRIN partnered with World GTL Inc. to
construct a diesel plant at Point-a-Pierre by
relocating a Methanol Plant from Delaware
City, USA, a hydro-cracker from a Texaco
refinery and an amino unit from Mexico. The
plant is designed to have a capacity to process
22 mmscfd of natural gas and produce 1,800
bpd diesel for use in blending products for the
local market.
WorldGTLTrinidad iscurrently inReceivership.
EXPLORATION AND PRODUCTION
DIVISION
The company’s upstream operations are
managed by the Exploration and Production
(E&P) Division, which is organized into three
main functional areas:
• Exploration & Development;
• Production Operations; and
• Joint Ventures.
One of the E&P Division’s main areas of focus
is to increase crude oil production to allow for
enhanced refinery margins and profitability.
EHS performance continues to be of paramount
importance and priority and the E&P Division
would therefore continue to strive for compliance
with applicable regulatory standards and
legislation and ensuring a safe working
environment.
On land,theexploration thrustwhichcommenced
with the acquisition of the 3D seismic survey
will continue with a fast track approach to data
processing and interpretation. This approach is
intended to commence exploration drilling in the
shortest possible time.
TRINMAR’s main oil-winning activities include
drilling, reactivation of wells, work-overs, and
conversion of wells to PCP. The South West
Soldado(SWS)DevelopmentProjectcommenced
with drilling, reactivations and infrastructure
work being undertaken. Major investments are to
be made in upgrading the marine infrastructure,
both to maintain base crude production as
well as to support new oil from the oil-winning
projects. Other infrastructure work includes
repairs to existing pipelines and the upgrade and
strengthening of platforms and wells.
PETROTRIN will continue to utilise the Joint
Venture (JV) programme as another mechanism
to increase reserves and expand its participation
in new upstream business opportunities. The
company was granted participation in several
recently awarded new blocks, which provides
an optimistic growth platform, harnessing the
experience, expertise and financial capacity of its
international partners. Planned activities in the
JVs includeseismic,explorationanddevelopment
drilling and installation and upgrade of major
production facilities.
ECONOMIC INFRASTRUCTURE
