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Govt says talks with BP productive

by

#meta[ag-author]
Gail Alexander
20190530204734
20190530
BP Chief Executive Upstream Bernard Looney speaking with Prime Minister Dr Keith Rowley in London.

BP Chief Executive Upstream Bernard Looney speaking with Prime Minister Dr Keith Rowley in London.

The Gov­ern­ment and bpTT will be­gin talks in mid-June on is­sues re­lat­ed to the re­struc­tur­ing of At­lantic LNG as well as an ac­cel­er­a­tion of field op­er­a­tions and ex­plo­ration.

That was among the out­comes of what Gov­ern­ment of­fi­cials de­scribed as “very frank and de­tailed” talks be­tween Prime Min­is­ter Dr Kei­th Row­ley and top BP of­fi­cials in Lon­don yes­ter­day.

Agree­ment for talks on At­lantic LNG and oth­er is­sues fol­lowed BP’s re­cent an­nounce­ment—on the eve of the Gov­ern­ment’s re­cent mid-year re­view—that it might not be able to sup­ply nat­ur­al gas for At­lantic LNG’s Train 1.

The Of­fice of the Prime Min­is­ter (OPM) is­sued a state­ment yes­ter­day on the out­come of the Lon­don talks, one of the key points of Row­ley’s over­seas en­er­gy mis­sion. Ear­li­er in the week the PM’s del­e­ga­tion signed a new en­er­gy deal with Shell in Hol­land which will bring T&T an en­hanced rev­enue pack­age for the sale of LNG.

On the sec­ond stop at BP’s Lon­don head­quar­ters, the T&T del­e­ga­tion’s 90-minute meet­ing with a high-lev­el team of BP ex­ec­u­tives, in­clud­ing bpTT pres­i­dent Claire Fitz­patrick was de­scribed as “in­for­ma­tive and pro­duc­tive.”

BP’s team was led by Chief Ex­ec­u­tive, Up­stream Bernard Looney and in­clud­ed Glob­al Up­stream Re­gions at BP, William Lin, bpTT Head of Plan­ning and Com­mer­cial Fi­nance, Richard Eaton and Giselle Thomp­son, Vice-Pres­i­dent Cor­po­rate Op­er­a­tions.

The OPM said in its re­lease that the par­ties had “very frank and de­tailed con­ver­sa­tion about BP’s de­vel­op­men­tal plans for Trinidad and To­ba­go. The Prime Min­is­ter thanked BP for their co­op­er­a­tion with the Gov­ern­ment of Trinidad and To­ba­go in the en­er­gy sec­tor.”

Dis­cus­sions fo­cused on BP’s re­cent drilling pro­grammes and the fu­ture of LNG pro­duc­tion in T&T. BP al­so gave an up­date on their short and medi­um-term ex­plo­ration and pro­duc­tion gas pro­grammes.

The par­ties al­so reaf­firmed their com­mit­ment to the growth of the en­er­gy sec­tor, as they sched­uled the con­tin­u­a­tion of ne­go­ti­a­tions be­tween em­pow­ered teams from both sides.

Ne­go­ti­a­tions are ex­pect­ed to be­gin in the mid­dle of June “in fur­ther­ance of spe­cif­ic ob­jec­tives re­lat­ing to the re­struc­tur­ing of At­lantic LNG, ac­cel­er­a­tion of field in­ves­ti­ga­tion, ex­plo­ration, pro­duc­tion as well as dis­cus­sions sur­round­ing a large num­ber of E&P li­cens­es.”

Row­ley, dur­ing a de­bate in Par­lia­ment re­cent­ly, ex­plained that ne­go­ti­at­ing teams from the oil sec­tor and the Gov­ern­ment have been meet­ing on is­sues over time. He al­so said the Gov­ern­ment had to keep an eye on the ne­go­ti­a­tions that are un­der­way for At­lantic LNG’s Train 2, 3 and 4.

At yes­ter­day’s meet­ing, BP of­fi­cials al­so up­dat­ed the Prime Min­is­ter and his del­e­ga­tion on the plat­form fab­ri­ca­tion tak­ing place at Trinidad Off­shore Fab­ri­ca­tion Com­pa­ny (TOF­CO) in La Brea.

T&T’s del­e­ga­tion in­clud­ed En­er­gy Min­is­ter Franklin Khan, Na­tion­al Se­cu­ri­ty, Com­mu­ni­ca­tion and Min­is­ter in the Prime Min­is­ter’s Of­fice Stu­art Young, Min­is­ter in the Min­istry of Fi­nance Allyson West and Na­tion­al Gas Com­pa­ny pres­i­dent Mark Lo­quan.


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