Heritage launches CSR programmes

Date: 
Monday, November 4, 2019 - 14:45

As many of T&T’s oil­fields near their ends, En­er­gy and En­er­gy In­dus­tries Min­is­ter Franklin Khan says Her­itage Pe­tro­le­um has to find new de­posits to sur­vive.

 

Her­itage pro­duces an av­er­age of 38,500 bpd, which is a drop in the bar­rel com­pared to its pre­de­ces­sors and in­ter­na­tion­al com­peti­tors.

Khan said in the old days, Trin­mar alone pro­duced 40,000 bpd. He said that hav­ing as­sessed and an­a­lyzed the econ­o­my, T&T still de­pends heav­i­ly on oil and gas sales.

De­spite the chal­lenge, Her­itage launched its Cor­po­rate So­cial Re­spon­si­bil­i­ty ini­tia­tive at its San­ta Flo­ra head of­fice yes­ter­day, with plans to spend mil­lions in com­mu­ni­ty and hu­man de­vel­op­ment pro­grammes.

“Oil and gas ex­plo­ration is a com­plex sci­ence. These oil fields are old. When I say old, I mean very old. We have been pro­duc­ing oil for over 100 years now. Most of the fields: the Pa­lo Seco field, the Fyz­abad field, For­est Re­serve field, Point Fortin, Cen­tral FC, MPW they were all dis­cov­ered in the 1910s, 20s and 30s.

Cu­mu­la­tive­ly, they have pro­duced over a bil­lion and a half bar­rels of oil, but they are com­ing to the end of their lives. We have come to a stage now where we have to find new oil on­shore, pos­si­bly in Trin­mar in the Gulf of Paria.

The en­tire en­er­gy sec­tor has mi­grat­ed to the North East­ern/East coast of Trinidad and To­ba­go; they have left us be­hind. So it is now the role of the ‘ex­plo­rationist’, my­self in­clud­ed, ge­ol­o­gist, geo­physi­cists to come up with new ideas and new con­cepts as to how we can con­tin­ue to search for new oil fields in on­shore Trinidad and in par­tic­u­lar, the Gulf of Paria,” Khan said.

 

Look­ing to Guyana, he said nev­er be­fore in his ca­reer in the en­er­gy sec­tor that he saw so much oil be­ing found in a coun­try in such a short time.

He said there were more re­serves per capi­ta than Sau­di Ara­bia, bear­ing in mind their 750, 000 pop­u­la­tion. He said T&T can cap­i­tal­ize on this with its hu­man re­source ex­per­tise in the sec­tor. 

How­ev­er, he said to do this, a home base must be es­tab­lished by in­creas­ing pro­duc­tion, im­prov­ing ef­fi­cien­cy and find­ing new de­posits, which the Her­itage tech­ni­cal staff has been man­dat­ed to do.

With Petrotrin’s clo­sure af­fect­ing the economies of com­mu­ni­ties along the South West­ern Penin­su­la, he said Her­itage’s suc­cess is fun­da­men­tal to their long term sur­vival.

“Be­cause what else do you have in this part of the coun­try out­side of oil? Noth­ing else has emerged as yet so you have to pro­tect this in­dus­try.” There­fore, he called on peo­ple to stop steal­ing the com­pa­ny’s equip­ment as it some­times stalls pro­duc­tion.

While Her­itage’s pre­de­ces­sor Petrotrin dished out mil­lions for sev­er­al spon­sor­ship pro­grammes, CSR will now be fo­cused on de­vel­op­ing cit­i­zens’ skill sets.

Her­itage CEO Ar­lene Chow said while the com­pa­ny fo­cus on prof­itabil­i­ty and op­er­a­tional suc­cess, it must do good at the same time. Chow said the aim is to cre­ate mea­sur­able im­prove­ments that would bring sus­tain­able growth to Her­itage’s fence line com­mu­ni­ties. The com­pa­nies CSR plan was de­rived from fo­cus groups with em­ploy­ees

and the com­mu­ni­ties

Reporter: Kevon Felmine

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