Port of Spain, Trinidad and Tobago — Minister of Energy and Energy Affairs Senator the Honourable Kevin Ramnarine visited the Goudron oilfield in Guayaguayare on Friday, October 18th 2013. The field is operated by Leni Gas and Oil (LGO) of the United Kingdom under an Incremental Production Services Contract (IPSC) arrangement with Petrotrin. Goudron is one of the most remote oilfields in relation to Petrotrin’s land-based infrastructure.
He was accompanied by the President of Petrotrin, Khalid Hassanali, British High Commissioner, His Excellency Arthur Snell and the CEO of Leni Gas and Oil, Neil Ritson. His visit commemorated the company’s first anniversary of activity at the Goudron field.
Under the IPSC arrangement with State-owned Petrotrin, LGO has so far reactivated 60 of the 154 wells in the field and is producing about 350 barrels of oil per day. This represents a tenfold increase from where the field was a year ago. Officials of LGO informed the Minister that after their drilling programme is completed, they expect to produce at rates of approximately 2,000 barrels of oil per day.
Minister Ramnarine said that he was pleased to see the reactivation of these wells and that projects like these are in line with the Ministry’s policy to increase oil production and thus derive additional revenue for the economy of Trinidad and Tobago.
National oil production for 2013 has thus far averaged 81,400 barrels of oil per day. This compares to the 81,700 barrels of oil per day that was realised in 2012. The Ministry of Energy and Energy Affairs has stated that arresting the decline in oil production and increasing oil production are major priorities for the country’s energy sector.