'"What once was a trickle is fast becoming a stream in the Caribbean, with new announcements of expanding deep-water exploration lease offerings and drilling permits being issued"'.
Caribbean (PRWEB UK) 14 June 2013
Recent developments in the Venezuelan political landscape have encouraged the Caribbean region to question their position within the Oil, Gas & Power industry. Lee Hunt, consultant and former president of the International Association of Drilling Contractors, commented that:
"What once was a trickle is fast becoming a stream in the Caribbean, with new announcements of expanding deep-water exploration lease offerings and drilling permits being issued".
Just seven miles from the Venezulan coast, which holds the largest proven oil reserves, Trinidad and Tobago holds the majority of the Caribbean region's oil production and is a major exporter of liquefied natural gas. The minister of Energy and Energy affairs, Senator Kevin Ramnarine, recently noted that:
“The level of drilling and work-over activity in the oil and gas industry has significantly increased in the last two years. We expect this trend to continue in the medium term. [...] In the last two years we have applied a progressive policy with regard to the fiscal regime that has seen Trinidad and Tobago’s upstream sector become more competitive.”
The 2-day Caribbean Oil, Gas & Power Summit in September 2013, aims to bring together some of the world's leading industry players, including Energy ministers, senior Oil and Gas company representatives, Contractors, Service Companies and Solution-providers, to discover the latest investment opportunities, strengthen industry ties and seek out new business opportunities. Speakers will be addressing the Caribbean energy industry's most topical issues, including: Trinidad and Tobago licensing rounds, Exploration and Production updates, Investment and Financing Energy Projects, Small Scale LNG, Inter-Connectivity and Power Grids, the Role of Renewable's in Power Generation, Rejuvenating Mature Oil Fields and a series of Case studies.
Delegates will have the chance to attend a Multi-Streamed Conference, Networking Evening, and 40 booth interactive exhibition, all in the comfort of the five-star venue, The Atlantis Hotel. A Business Match-Making Service will also be on offer to arrange one-on-one meetings between delegates.
Khalid M. Hassanali, President, Petroleum Company of Trinidad and Tobago LTD; Vernon Paltoo, President, National Energy Corporation Trinidad and Tobago; Simon Potter, CEO, Bahamas Petroleum Company and Neil Ritson, CEO, Leni Gas And Oil PLC are just some of the industry experts that will be speaking at the event.
To register or for further information on the 2013 Caribbean Oil, Gas & power Summit, 26-27 September, The Atlantis Hotel, The Bahamas, please contact:
+44 (0) 207 628 5625
Notes to Editors:
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