STATE ENTERPRISES’ INVESTMENT PROGRAMME 2014
72
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
Central Block
53.00
91.80
20.60
32.40
23.00
The estimate for this JV was revised to
$53.0 million in fiscal 2013. First Gas was
achieved in October 2012 on the Baraka
Tie-In and Compression (BTIC) project.
The BRIC was completed in January
2013. Other projects included facilities
upgrades and projects to address HSE
issues. The projection for 2014 is $23.0
million.
NCMA , Block 9 146.00
112.10
65.40
80.60
53.00
Projection for fiscal 2013 revised to
$146.0 million. The procurement of
major equipment was in progress. First
gas is targeted for the second quarter
of 2014. Accommodations project for
the Poinsettia and Hibiscus platforms
detailed design were in progress and
were expected to be commissioned
in September 2013. PETROTRIN’S
estimate for NCMA’s for fiscal 2014 for
capital projects is $53.0 million.
NCMA – 4
45.00
0.00
0.00
45.00
0.00
PETROTRIN’s share of capital
expenditure which includes drilling of
an appraisal well which is expected to
be spudded in fiscal 2013. An estimated
$45.0 million is projected for the balance
of fiscal 2013 as PETROTRIN’s share to
the JV.
Galeota JV
50.00
0.00
3.00
47.00
122.00
For fiscal 2013, $30.0 million was
projected by PETROTRIN to replace a
line to the shore line. This was revised
to $50.0 million. Studies for Front-
end engineering design (FEED) were
deferred as Bayfield was taken over by a
new partner, Trinity. The estimate for this
JV is $122.0 million for fiscal 2014.
