Prime Minister Rowley Closes Energy Deal with EOG Resources

On his final day (March 31, 2017) of official meetings with energy companies in Houston, Texas, Prime Minister Dr. the Honourable Keith Rowley met with Chairman and CEO of EOG Resources William Thomas at EOG Resources Heritage Plaza.

The meeting resulted in an agreement between Trinidad and Tobago and EOG on future gas. Consequently Thomas gave immediate instructions that drilling commence on a well that was previously on standby. He also gave the go ahead for the commencement of additional significant seismic work.

The Prime Minister urged the company to move with alacrity to work towards increasing gas production and addressing the current shortage issue. EOG responded very positively to this and the parties agreed that conversations would continue towards increased exploration and. production.

This will go a long way towards realising the Prime Minister’s vision of cementing Trinidad and Tobago’s continued role as a place for investment in the hydrocarbon industry.

EOG Resources has been operating in Trinidad and Tobago for 25 years and has expressed a keen interest in expanding operations and increasing their investment here.

Also in attendance at the meeting was Minister in the Office of the Attorney General and Legal Affairs and Minister in the Office of the Prime Minister, the Honourable Stuart Young.

Representing EOG at the meeting were Pat Woods Vice President and General Manager International Division, David Trice EVP Exploration and Production and George Vieira General Manager Trinidad and Tobago.

Prime Minister Rowley and Minister Stuart Young also met today with senior executives from Exxon Mobil.

The company is responsible for leading the discoveries of substantial oil reserves in Guyana over the last two years.

Prime Minister Rowley noted in the meeting that Trinidad and Tobago is ideally positioned to play a key role in assisting with Guyana’s hydrocarbon future.  He said, “Our location, refinery, deep water harbours, access to markets and expertise in the energy sector all make us the best candidate for partnership with our neighbour.”

The Prime Minister invited the Exxon Mobil team to visit Trinidad and Tobago and assess for themselves our readiness to partner with Guyana. The team accepted this invitation.

Representing Exxon Mobil at the meeting were Mike Kunzig Manager, Upstream Production Operations, Doug Kerins Commercial Advisor, Refining and Supply, Lisa Waters Vice President, Americas Projects, Development, Steve Blume Manager, Global Business Development, Refining and Supply and Mike Kelly Upstream Integration Executive, Refining and Supply.