Page 8 - LatAmOil Week 02 2022

LatAmOil US VIRGIN ISL ANDS LatAmOil

According to Chambers, WIPL has already
drawn up a plan of action for the Limetree
Bay refinery following the completion of the
acquisition. He said that his company’s first
priority would be to restart the plant, which has
remained almost completely idle since 2012.
This task can be accomplished in about nine
months, he asserted.
The company also believes that the facility
can, because of its size and location, play a major
role in both Caribbean and US East Coast fuel
markets, he stated. “I don’t think people fully
appreciate the gravity and the size of this refin-
ery. This refinery was the third-largest in the The refinery has been mostly idle since 2012 (Photo: Limetree Bay Ventures)
hemisphere ... There is a massive opportunity
[for] distributing [petroleum] products in the country, Jamaica, we think that our ability to
Caribbean, directly right next door into Puerto provide energy security is dramatic,” Chambers
Rico, but also a massive opportunity to distrib- said. “Being two days’ sail from Jamaica, produc-
ute into the US East Coast, cheaper than if the oil ing fuel in a much, much more efficient way than
was being shipped from a port in the US,” he told Petrojam could ever produce that fuel, we think
the Jamaica Observer. that we would have the ability to provide energy
In the meantime, he said, the refinery will security to Jamaica. Our long-term vision is to
also be able to cover domestic fuel demand in a provide cheap, clean energy to Jamaica and the
way that the 30,000 bpd Petrojam, Jamaica’s only Caribbean. And we think we have an amazing
oil-processing plant, cannot do. “For our own plan to achieve that.” ™

TRINIDAD AND TOBAGO
NGC, Shell sign HoA on pre-FEED phase of

work on Manatee gas processing

NATIONAL Gas Co. of Trinidad and Tobago
Ltd (NGC) indicated last week that it was gear-
ing up to work with Royal Dutch Shell (UK/
Netherlands) on the processing of natural gas
from the offshore Manatee field.
In a statement, NGC explained that it had
signed a heads of agreement (HoA) with Shell
on starting the pre-FEED (front-end engineer-
ing and design) phase of work related to the pro-
cessing of gas from Manatee at the Beachfield
facility.
The document is designed to establish a
framework for commercial and technical co-op-
eration during this phase of work, it said. Manatee is part of a field that extends into Venezuelan waters (Image: Trinity E&P)
NGC did not divulge any specific details of
the pre-FEED phase of the Manatee project. decline in the country’s gas supplies. The new
According to previous reports, Manatee is not field is likely to be “the single largest new gas
expected to begin production until 2025. The production [stream] in Trinidad and Tobago
field, which holds about 2.7 trillion cubic feet for decades,” he was quoted as saying by Argus
(76.46bn cubic metres) of gas, will yield about Media.
300mn cubic feet (8.5mn cubic metres) per day Manatee is a section of a larger gas field,
of gas in the initial phase of development, rising Loran-Manatee, that straddles the maritime
eventually to a peak of 700 mmcf (19.8 mcm) border between Trinidad and Tobago and
per day Venezuela.
Stuart Young, the energy minister of Trin- Shell and NGC signed a 25-year produc-
idad and Tobago, said last year that develop- tion-sharing contract (PSC) for the site in Port
ment of Manatee was anticipated to alleviate the of Spain last November.

P8 www. NEWSBASE .com Week 02 13•January•2022