MercoPress, en Español

Montevideo, November 22nd 2017 - 16:23 UTC

Falklands attending Trinidad and Tobago annual energy conference

Wednesday, January 25th 2017 - 08:15 UTC
Full article 1 comment
British High Commissioner Tim Stew, MLA Ian Hansen and Trinidad and Tobago's president Anthony Carmona British High Commissioner Tim Stew, MLA Ian Hansen and Trinidad and Tobago's president Anthony Carmona
The Falkland Islands' governments stand at the T&T energy conference. Almost a hundred stands are at the show  The Falkland Islands' governments stand at the T&T energy conference. Almost a hundred stands are at the show

The Falkland Islands government is attending the Annual Trinidad and Tobago Energy Conference from January 23rd – 25th, 2017 at the Hyatt Regency, Port-of-Spain. The Trinidad and Tobago Energy Conference is the premier Energy Conference in the Caribbean and promotes vigorous debate and discussion among leaders of industry, Government and academia.

 Delegates from the US, the United Kingdom, Barbados, Guyana, Suriname, Venezuela, China and the Falklands Island and the Dominican Republic, are participants. The conference attracts senior decision makers in the industry including the CEOs, supply chain, finance, and operations managers of the major upstream, midstream, and downstream operator companies in Trinidad and Tobago.

The Falkland Islands delegation is headed by MLA Ian Hansen and has displayed a stand at the conference's pavilion with over a hundred booths.

The first speeches at the conference indicated that the energy sector will continue to fuel Trinidad and Tobago's growth and prosperity over the next few decades and mapping out a way to ensure sustained development amidst an ever changing global environment is pivotal.

However the sector is at a crucial juncture where it must evolve in order to continue being competitive. The warning signs are clear. The “shale gale” in the United States, shifting gas markets, the expansion of the Panama Canal, innovations in deepwater technology and new hydrocarbon discoveries in emerging markets, suggest that T&T must remain vigilant. While the country has punched above its weight in developing a world class gas and petrochemical industry, the challenge is to chart the next wave of energy sector development.

Top Comments

Disclaimer & comment rules
  • Brit Bob

    Rockhopper Exploration has issued an update on planning for Phase 1 of the Sea Lion oil field development in the offshore North Falkland basin. Operator Premier's latest estimate of capex to first oil is US$1.5 billion, with life of field costs (capex, opex, and lease) of around US$35/bbl for Phase 1.

     Rockhopper CEO Sam Moody described this as “highly attractive” in the context of the current oil price. The estimated break-even price is US$45/bbl.
    The partners have submitted an environmental impact statement and revised draft field development plan to the Falkland Islands government, and discussions are set to continue on a range of operational, fiscal, and regulatory matters.
    They have also reached a settlement on an insurance claim relating to costs incurred on the Isobel Deep exploration well during the 2015/16 North Falkland basin exploration campaign. Value is US$90 million (after deductions) on a gross basis. (MercoPress 23.12.16)
    What about the Argentinians?

    Falklands – Territorial Waters: https://www.academia.edu/10574593/Falklands_Islands_Territorial_Waters

    All hot air...

    Jan 25th, 2017 - 10:27 am 0
Read all comments

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!