STATE ENTERPRISES’ INVESTMENT PROGRAMME 2014
69
SUSTAINING GROWTH, SECURING PROSPERITY
PROGRAMMES
ESTIMATED
TOTAL COST OF
PROGRAMME
TT$ million
ACTUAL
EXPENDITURE
TT$ million
PROJECTED
EXPENDITURE
TT$ million
DETAILS OF PROGRAMMES FOR 2014
OCT. 2011 TO
SEPT. 2012
OCT 2012 TO
MARCH 2013
APRIL TO
SEPT 2013
OCT 2013 TO
SEPT 2014
Seismic
Acquisition-
Land
275.00
7.30
(0.70)
10.70
0.00
Processing of 3D seismic data acquired
over the core land fields is in progress
and is expected to be completed by
fiscal 2013.
Drilling Land:
All Existing
and New EOR
Projects
60.00
0.00
1.30
28.70
0.00
For fiscal 2013 $60.0 million was
projected to drill and complete
approximately 12 EOR wells. The first
EOR well was drilled in March 2013 and
drilling commenced on a second.
Development
Drillling – LNE
114.00
0.00
9.40
20.60
45.00
For fiscal 2013, $114.0 million is
projected to drill approximately 19
primary development wells in land
acreage. Three wells were completed
at the end of March 2013 at a cost of
$9.4 million and $20.6 million was
projected for the balance of fiscal 2013.
An estimated $45 million is projected
for fiscal 2014 for the Development
Programme LNE.
Drilling Trinmar
579.50
0.00
203.10
376.40 690.00
For fiscal 2013 $603.5 million was
projected to drill approximately 16 wells
in Trinmar acreage. This was revised
to $579.5 million in 2013, 5 wells were
drilled and the 6th commenced. A
second rig commenced operations in
March 2013. For fiscal 2014, $690.0
million is projected for the TRINMAR’s
drilling programme.
