STATE ENTERPRISES’ INVESTMENT PROGRAMME 2014
73
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
Block 22 JV
64.00
25.00
7.30
56.70
43.00
The estimated cost for fiscal 2013 has
been revised downwards to $64.0
million. FEED studies for CNG option
was deferred pending the results
of the drilling of an appraisal well.
PETROTRIN’s contribution to this JV is
$43.0 million for fiscal 2014.
Central Range
Shallow JV
15.00
5.00
0.00
0.00
0.00
This JV drilled its second exploration
well in the Shallow PSC – Mapepire-1
and drilled two (2) exploration wells in
the Deep PSC – Tigre and Bushmaster.
PETROTRIN’s contribution for fiscal
2013 is $15.0 million.
SECC JV
30.00
13.80
6.70
23.30
10.50
PETROTRIN’s estimate for fiscal 2013
was $10.0 million, however, this was
revised to $30.0 million. The Parula
Compression project on the Pelican
Platform was completed and first
gas achieved in February 2013. Other
projects for 2013 include the Oilbird
Field Compression Installation with first
gas expected in February 2014; and the
Kiskadee Firewater System Upgrade
to address HSE issues. The projection
for fiscal 2014 as PETROTRIN’s share
towards this JV is $10.5 million.
Retained
Earnings
15,100.56 1,003.80 614.70 2,017.65 1,965.30
Total –
PETROTRIN
15,100.56 1,003.80 614.70 2,017.65 1,965.30
