Recent Fears over the Future of Venzuelan Petrocaribe Aid Have Sparked a Huge Surge in Interest in the Oil, Gas and Power Industries in the Caribbean Region

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Explore the vast Oil, Gas & Power opportunities for the Caribbean at the Caribbean Summit 2013. Taking place on the 26th & 27th September at the 5 star Atlantis Resort in the Bahamas.

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'"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"'.

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:

Charlotte Paige-Smith
charlotte(at)oliverkinross(dot)com
+44 (0) 207 628 5625

Notes to Editors:
Headquartered in the United Kingdom, Oliver Kinross is an internationally operating business research organisation.
Oliver Kinross was founded in January 2008 with the aim of delivering high quality training, business intelligence and networking opportunities for industry. This is achieved through a series of Conferences, Summits, Exhibitions and Training Workshops attended by many of the world’s largest organisations. The main industries in which Oliver Kinross operates are European Energy Trading, Cyber Security, Africa, Oil & Gas Exploration & Production, Smart Energy, International Development & Infrastructure.

Since 2008 Oliver Kinross has achieved a track-record of running successful market leading events and has achieved consistent year-on-year growth. It attributes this success to a combination of factors, including: the pursuit of running events in the world’s fastest growth & frontier markets, a commitment to ensuring all events are of the highest quality, and a belief that its staff are its greatest asset.

References:

http://www.caribbeannewsnow.com/topstory-Significant-increase-reported-in-Trinidad-oil-and-gas-industry-activity-15880.html

http://www.miamiherald.com/2013/04/04/3323947/venezuelan-oil-program-uncertainty.html

http://bigstory.ap.org/article/caribbean-nations-search-oil-amid-spill-fears-0

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Charlotte Paige-Smith
Oliver Kinross Ltd
+44 (0) 207 628 5625
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