STATE ENTERPRISES’ INVESTMENT PROGRAMME 2014
71
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
Construct Line
Massahood/
Woodland
57.40
5.70
0.70
9.30
10.00
The estimated total cost has been
revised upwards to $57.4 million. The
installation of the 16” pipeline from
Massahood to Woodland Manifold is
59% complete. Approval for amendment
to the CEC is outstanding in order to re-
commence work.
SWS
Reactivation –
Phase 1
355.40
6.80
12.00
179.80
150.00
The estimated total cost has been
revised downwards to $355.4 million.
The Top Deck was installed on Riser
Platform 10 , completion of stairway,
lighting and painting are expected to
be completed in fiscal 2013. Work on
the workmen facilities at Remote Deck
1, SWS was 90% complete. For fiscal
2014, $150.0 million is projected to
install additional processing capacity
and new pipelines and facilities to handle
additional production volumes
Platform
refurbishment
(Matthews
Daniel)
20.00
(1.90)
2.50
17.25
150.00
In fiscal 2013, $50.0 million was
projected, however, the estimate was
revised to $20 million. This is an on-
going programme to upgrade platforms
to maintain structural integrity and safe
operating conditions. For fiscal 2014,
$150.0 million is projected to install
additional processing capacity and
new pipelines and facilities to handle
additional production volumes.
Teak, Samaan
and Poui Joint
Venture
75.00
66.70
21.70
53.30
75.00
PETROTRIN’s portion of capex for
development activity in fiscal 2013
was revised to $75 million. The
Offshore Crude Oil Treatment Project
is 85% complete and is expected to be
completed in 2013. Projection for 2014 is
$75.0 million.
